It seems to be an emulator to turn your 2010-ish PC into a 1980-ish Amiga. Ah, progress!
Might be fun to play with, but I wouldn't run it on my main rig. (at least not before I made a full backup.)
I have an emulater around here somewhere that turns my computer into CSIRAC ...the only intact 1st gen comp on the planet.
They're related....mine has LEDs... CSIRAC has valves...