Check out the RPCS3 PS3 Emulator demo video showcasing After Burner Climax ingame via DirectX 12 from John GodGames below.
For those new to RPCS3, it's an open-source PlayStation 3 emulator / debugger written in C++.
Download: rpcs3-mater.zip / RPCS3 (Github)
According to Wololo, PS3 emulation is reaching almost full speed these days!
To quote: "The full specs of the machine used for the test:
CPU – Intel Core i7 6700K @ 4.60 Ghz
RAM – 16 GB DDR4
GPU – GTX 970 GAMING 100ME 4GB
OS – Windows 10 64bit
Granted, the game does not look like it is heavily demanding on CPU or GPU resources, but this shows that the RPCS3 PS3 emulator is making great progress."