Long Zheng from the istartedsomething blog reports that the Windows Phone 7 Series emulator ROM has been completely unlocked, allowing users to access the full OS, rather that just the settings and web browser as previously.
Dan Ardelean has published a modified version of the “BIN” file , allowing one to interact with the live tiles,hubs, use the elusive voice search feature, and even the basic apps that are preloaded.
Read more about getting the emulator up and running at XDA-Developers here. Hopefully the real OS will fall as fast as the emulator version has 
More screen shots after the break.
Via Pocketnow.com