it probably would if you could use emulators on the 360 , which i don't think you can..
slightly off topic , the xbox1 is the best system ever for emulation of old consoles .. i bought one the other day for $20 off some kid , modded it in seconds which turns it into one of the worlds most powerful media centers (xbmc.org) and put snes / gen / gba etc emulators onto the built in hdd .. well worth the investment, i own quite a few.