Make the emulator emulate the ARM CPU, like in WinMobile
Now that native development is an option, it's very frustrating that one can't debug the native code that's being executed on the device without a real device.
Back in the Windows Mobile/CE days, Microsoft had a Device Emulator that would faithfully emulate an ARM CPU and would execute exactly that same code that eventually went to the device. This capability was essential for certain low-level tasks like native crash investigation, debugging stack clobbering scenarios, deep optimization with inline assembly (e. g. for NEON) and such. Now that capability is lost. Please bring it back.
Casey Richardson commented
Vsevolod Alekseyev commented
Somewhat alleviated by the http://rda.cellulardata.com/devices . You still can't debug, but at least you can reproduce.