I'm not sure why doing that would require "network emulation"?
http://www.linuxfoundation.org/collaborate/workgroups/networking/netem
If you run a current 2.6 distribution, (Fedora, OpenSuse, Gentoo, Debian, Mandriva, Ubuntu), then netem is already enabled in the kernel and a current version of iproute2 is included. The netem kernel component is enabled under:
Networking -->
Networking Options -->
QoS and/or fair queuing -->
Network emulator
Netem is controlled by the command line tool 'tc' which is part of the iproute2 package of tools. The tc command uses shared libraries and data files in the /usr/lib/tc directory.
But I notice for instance CONFIG_NET_QOS=y wich is missing in my SliTaz config. (it's not even commented out)
Slitaz 4.0 is kernel 2.6.37
CONFIG_NET_QOS: QoS support
General informations
The Linux kernel configuration item CONFIG_NET_QOS:
prompt: QoS support
type: bool
depends on: CONFIG_NET_SCHED
defined in net/sched/Kconfig
found in Linux kernels: 2.6.0–2.6.14