Basically, no one ever used hardware-based IA-32 execution, so better to use the silicon for something else. Of course, basically no one uses software-based emulation either, but at least that doesn't cost chip real estate.
With the exception of the instinct of self-preservation, the propensity for emulation is probably the strongest and most alert and persistent of the economic motives proper.
With some applications you notice the emulation more than others. The applications may not be as responsive when you first open them. For the person that bought the Intel-based Mac and is looking for that performance increase, the bigger bang will come from the native code.
Great masters merit emulation, not worship.
Praise begets emulation,--a goodly seed to sow among youthful students.
Emulation looks out for merits, that she may exalt herself by victory; envy spies out blemishes that she may lower another by defeat
Emulation is slower, sometimes much slower, than applications that run natively.
My heart laments that virtue cannot live Out of the teeth of emulation.
An envious fever of pale and bloodless emulation.
Terror has its inspiration, as well as competition.