Grargar: They still couldn't release it 1:1. They would have to modify the game to remove any mentions of Nintendo in it.
That can be easily done with an hex editor, heck, back in high school we used to do it all the time to apple II programs.
As for using an emulator found on the internet, I doubt that they would want to do that. Console companies are notorious for wanting to use proprietary ones.
Proprietary emulator is an euphemism for stolen code. Since open source emulators release the source code game companies do their own modified compiles (even if they breach the GPL). How can I be so sure? Because even a half assed emulator that runs only one game (with several glitches) requires thousands of programmers hours to produce, there would be no profit if they really did "proprietary emulators". At least gog comes clean and acknowledges they use open source emulation to run old games on modern operative systems.