One has already been pulled, though seemingly for unrelated copyright issues?
That said, I'm surprised that things have gotten to this point, I suppose time will tell once the property holders get involved how committed Apple is to this whole change, there's still a lot of room to interpret the clause about conforming to all laws for the content that is being run in the app.
Given that I didn't think ANY emulators would make it into the Appstore, I'm going to retract my position. However, I think that we're still in the "Fuck around" stage of things and there may yet be some "Find out" to come.