Ya, I don't know if it will be faster or not. I know that it CAN be faster (I won't beleive any MS claim until I see it in the flesh, very probably it will be slower slightly), but their are many different types of emulation. The majority of the time it will be slower....
Like if you look at VMware and Virtual PC, these things run relatively close to native system speeds.
see here.
Then you have stuff like Wine, which isn't realy a emulator, but has OSS versions of the Win32 API so that windows programs can run almost natively under Linux.
But then you have emulators like
bosch were you have many many times slower performance then native.
Then their are others besides that.
The difference between something like bosch and VMware is that Bosch has the entire computer in emulation, everything peice of hardware is fake, in software only. The whole computer only exists in memory only. VMware on the otherhand sets up fake drivers that translate into output that runs directly on your hardware, and cpu instructions run on the actual CPU, instead of a emulated one. Sort of like having protected memory mode when dealing with dos games. (so you may have compatability problems with VMware, but not bosch.. technically. But it can take many many hours to install Win95 using Bosch even on a fast machine)
The major bad thing about running 32 bit programs in Windows 64bit is that your going to have to deal with the overhead of having 2 versions of the same libraries running, the 32bit version and the 64bit version. So if you have a bunch of 32bit programs running and a bunch of 64bit programs running your going to get pretty close to the same amount of overhead as running 2 windows OSes at the same time.