• New machines – AMI XT clone, DTK XT clone, VTech Laser Turbo XT, VTech Laser XT3, Phoenix XT clone, Juko XT clone, IBM PS/1 model 2011, Compaq Deskpro 386, DTK 386SX clone, Phoenix 386 clone, Intel Premiere/PCI, Intel Advanced/EV
• New graphics cards – IBM VGA, 3DFX Voodoo Graphics
• Experimental dynamic recompiler – up to 3x speedup
• Pentium and Pentium MMX emulation
• CPU fixes – fixed issues in Unreal, Half-Life, Final Fantasy VII, Little Big Adventure 2, Windows 9x setup, Coherent, BeOS and others
• Improved FDC emulation – more accurate, supports FDI images, supports 1.2MB 5.25″ floppy drive emulation, supports write protect correctly
• Internal timer improvements, fixes sound in some games (eg Lion King)
• Added support for up to 4 IDE hard drives
• MIDI OUT code now handles sysex commands correctly
• CD-ROM code now no longer crashes Windows 9x when CD-ROM drive empty
• Fixes to ViRGE, S3 Vision series, ATI Mach64 and OAK OTI-067 cards
• Various other fixes/changes

Official download links:

PCem v10 for Windows
PCem v10 for Linux

 

I personally prefer PCem over DOSBox at the moment, as PCem runs the actual BIOS code, so it feels more like an actual vintage PC.  PCem does need a significantly more powerful machine to push it thought.