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I have been waiting and looking for a Palm emulator on the PPC for a long time, and I just tried out this program and I am extremely impressed with it thus far.
I have a lot of registered Palm programs/databases and some don't have PPC equivalents, and the ones I have tried on the Axim have worked flawlessly. It also saves me having to buy the PPC equivalents again. I haven't tried any complex games which I expect could encounter problems, and wouldn't have any need for them on the Axim anyway.
The interface could be improved upon with more options.
I originally installed the program into Built-in memory and found that whilst it worked, it ran slowly. I subsequently installed it to Main memory and the speed improvement was dramatic and very usable.
I think it is definitely worth $29.95 considering it opens up the PPC to the world of Palm software (or some/most of it anyways)
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