This is simple ARM emulator called uARM, implemented by Dmitry Grinberg. (http://dmitry.gr/index.php?r=05.Projects&proj=07.%20Linux%20on%208bit)
And it can run on the simulator now.
$ git clone https://github.com/syuu1228/uARM.git
just run make.
$ make
Or, if your system installed BSD make, you'll need to run GNU make like this:
$ gmake
You will get ./uARM as an executable binary.
You can download the image from: http://pan.baidu.com/s/1sjp8KBN
Then uncompress the image.
$ ./uARM jaunty.rel.v2 fast_boot_file
You will get shell prompt after 10 seconds.
You can terminate by using killall uARM on terminal.
You can find more information on: http://tonylianlong.com/