That depends on the hardware you are using, and the software in the background.(you know he is at least using fraps which will slow it down some).

Fraps wouldn't drop it from 60 fps to sub-30 as we're seeing. I've used Fraps many times to test graphics cards and I can't recall 1 time that it affected the frame rate dramatically enough to be perceptible.

Of course not that is why I said "a little". If other things are factored in, and he has weak hardware that wouldn't be able to run the game at 60fps with these graphic setting that could affect it. I'm just saying that it is possible if you have strong enough hardware to run that at 60+. Though it would probably be very expensive due to the poor optimization of the emulator.

Anybody who has ever used an N64 or PS1 emulator can attest that the emulator provides better textures, smother models. and better framerate than the original with almost 100% compatibility. Now this takes time, but what makes people think this won't end up just the same? I mean especially since they already have it at a pretty advanced stage considering the age of the Wii. In 2 years this thing will blow the HW Wii out of the water, on a fancy new PC of course. And to the people telling them to give up or quit, that is just a rude and deluded. How does them working on this hurt you in any way?

So it is trying to display every frame at a slower speed instead of skipping frames and playing at the right speed?

Well I've seen the same thing in other emulators, and then when you put it on a better pc it works faster. Sometimes it is the emulators issue though.(an example is the PSP-N64 emualtor my friend had a few months ago could only play SM64 at those speeds in this video, then a few months later it could play it full speed. Hm looking from this video framerate DOES tie into speed.  Notice that he is going faster when there are higher framerates and slower with the lower. I believe there is an option in a lot of emulators to NOT skip frames anyway. Also the performance looks a lot faster in this video. This is probably due to this person running it on lower settings.

^ I don't know if you have played the original but that still looks well slow. I'd be curious to know what kind of rigs people are running this on.

Oh I've played the original and would never play it at the speed in the video. I was just saying that it is possible to play it as fast as the wii if you had the required hardware.