iainmet: No, it emulates S3 cards(think it is the Virge). If you are wanting to run games from that era it should be fine though as the S3 cards could do OpenGL and D3D. Remember having one as my first ever graphics card and could run System Shock 2 and Nocturne etc on it using D3D, could also run Blade Runner in Direct Draw on it.
Strange, THPS2 doesn't want to run properly (can not see the menu) because it has no 3D. Is there anything I need to install? I have DirectX 7 installed and Windows has automatically installed that S3 driver. It only gives me the ability to use DirectDraw, but not Direct3D
EDIT: Got it running in software mode but now the window doesn't scale.
EDIT2: After more searching, Virtual PC 2007 had the drivers I need but the new one not anymore since there is no more Windows 98 support. And all external download links are spam that want me to either send e-mail address or register (even ZDnet). So where do I get VM Additions S3 Trio32/64?