Not an emulator. It has 2 eeprom chips with the tune burned onto it.
If you want, you can buy an eeprom reader/writer for like 30-40 bucks on Ebay, search for Willems Eeprom, and you should be able to find one.
Then you can take a look at your current tune, and play around with it.
This forum has a lot of knowledge to share about this subject.
http://eccs.hybridka.com/
-I don't believe you can do any realtime tuning with daughterboards like these unless you find an Eeprom emulator device to plug into the Eeprom slots and play around with your tune somehow.