Unfortunately, I am working for an aerospace manufacturer that runs VAX VMS on emulators (which are quite expensive). We also run an even older operating system, OS2200.
The original VMS system manager who moved from 7000 series hardware to emulation was somewhat inquisitive, and we did install VMS 7 on simh. He retired and passed away some years ago, and none of his replacements have wanted to touch simh. I find that apathy appalling.
In 1990's, maybe. Today simh-classic it's serious stuff up to the point a fork was made because some nut tried to tamper 1:1 disk/tape images with custom headers.
That's why so many of these new age development tools, libraries and abstractions are such incredibly janky pieces of bloat that literally require what a few decades ago was supercomputers.
For me, it's a chance to experience what it was like to use and develop software on these systems back in the day. For example, lately I've been writing some small apps and adding new kernel features to a variant of V6 Unix running on my PDP-11/05. It's humbling to see what it really took to be productive on these systems.
Some people even did y2k patches to BSD 4.3. Also, tons of 'modern' software could run on it you can get GCC 2.95 and GCC 3.4. Lynx, for instance. Or gopher and IRC clients. And, maybe, with a bit of luck, Lua and JimTCL.