When developing RT code (especially system upgrades) it would be truly helpful to have a virtual machine (VMware, MS Virtual PC, Sun Virtual box, etc....) that would allow us to run the actual VxWorks OS and LVRT in it's native environment, within the Windows OS. This would allow the code to run on the actual RTOS (I realize that determinism would be scacrificed) and provide the ability to actually test the functionality of the code in the actual environment to ensure that it runs as it should. It would also preclude the need to have a bunch of RT controllers sitting on the shelf in the event that you might need them.
There is and emulator for PDA module, why not for RT.