I chucked an idea down to the authors of Extreme Sampler Convertor about not only reading EMU formats, but writing them out:
http://forum.extranslator.com/viewtopic.php?p=158#158
Would be nice to see some support there
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Since these guys can read EMU Banks and sample formats, its not a stretch to write them out - especially given FAT32 compatibility so no need for mucking around with weird disk format nonsense.
thrown your weight beyond it - if we can get them to adjust, it could be an excellent offline editing tool.................
Cheers!
M