Hi xVisor,
Though qemu-omap3 is available, as posted by me in the earlier link,
It seems to be an old version.
Its checking for gcc 3.x, SDL, Coa and so on.
But as you know, now that many are using gcc 4.x as that's required with most of the present day softwares, it seems better to skip this.
Better go with the qemu from linaro.
Sorry to mix-up the QEMU.