DrGiltspur$200-ish laptop with a 386 and 8MB of RAM is a modern take on Windows 3.1 era
SeattleRainCouldn’t this be done with an FPGA?
Yeah. There’s the ao486 core available on MiSTer.
Probably. Even including the RAM on chip and the rest of the mainboard, too. Take a modern flash chip, and you can emulate a vintage sized HDD with it.