There are many posts on the xbox-scene forum saying there wont be a gamecube emulator for the xbox as its just not powerful enough.
There is one thread with pictures of a gamecube emulator running on an xbox with not in anyway fake screenshots that have a nice recycled jpeg look about them. Plus details of what controllers to use, pictures of an xbox running the emulator, etc. The only thing we are missing as final proof is Sammaz saying that he emailed some random emu developer with info on how the psp uses the same cpu as Bill Gates so the xbox should be able to emulate the psp, and the psp is newer than the gamecube, thus proving that GcnX is real.
I know which one I believe, even without a sammaz seal of approval.
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Also I lied about the screenshots being better than the pictures in the spam thread vampx posted of girls showing their boobies. BOOBIES FOREVAR!"!!111