FB Alpha Official WIPTreble has updated with some WIP news about his Sega System 16 emulation progress, here you have the quote...
Not had much time for FBA recently but I have hooked up the NVRAM used by the Sega System 16 games and emulated the PPI I/O chip in System 16A and Out Run.
For more information, you only have to follow this link
...
FB Alpha Official Sega System 16 WIP...SeeYaa!