Mikko Hypponen and Jason Scott at the Internet Archive have put up the Malware Museum:
a collection of malware programs, usually viruses, that were
distributed in the 1980s and 1990s on home computers. Once they infected
a system, they would sometimes show animation or messages that you had
been infected.
Through the use of emulations, and additionally removing any destructive
routines within the viruses, this collection allows you to experience
virus infection of decades ago with safety.
The museum is an excellent use of emulation and well worth a visit.
I discussed the issues around malware in my
report on emulation. The malware in the Malware Museum is too old to be networked, and thus avoids the really difficult issues that running software with access to the network that is old, and thus highly vulnerable, causes.
Even if emulation can ensure that only the virtual machine and not its host is infected, and users can be warned not to input any personal information to it, this may not be enough. The goal of the infection is likely to be to co-opt the virtual machine into a botnet, or to act as a Trojan on your network. If you run this vulnerable software you are doing something that a reasonable person would understand puts other people's real machines at risk. The liability issues of doing so bear thinking about.