I just discovered this neat piece of software: https://www.microsoft.com/en-us/downloa ... x?id=18481 .
It is a WinCE 5.0 device emulator preinstalled with a working emulator image. I've tested it myself on Windows XP (SP3), 7 (SP1), 8.1, and 10 (November and Anniversary updates). On XP and 7, the emulator can access the internet-- but for some reason, on 8 and newer, the emulator cannot.
Anyways, hope this helps anybody that's interested in WinCE emulation.
Offtopic Comment
Any ideas on how to get the internet access working on Win8 and newer?