Considering this is just a ported version of the Sega Saturn game, I fail to see the point to emulating this when you can play it on a Saturn emulator at full speed with smoothed graphics.
XQEMU Xbox Emulator - Dead or Alive Ultimate Ingame!
Video is 4x accelerated.Footage is from revision (Merge pull request #39 from JayFoxRox/fix-clear -d90dee0892dc2c9c3c662b26d22f28399785a419)
XQEMU is a open source, cross-platform emulator for the original Xbox (and Sega Chihiro). It is currently in very early stages of development. XQEMU is built on-top of QEMU.
Come chat with us about development topics in #xqemu on irc.freenode.net
Testing some of commercial games.Stay tuned for news.