Should mention it won't run on 64bit OSes:
Worth pointing out that those are becoming increasingly uncommon, with Apple already having dropped it, and Microsoft dropping it from Windows 11 (EDIT: okay, I misremembered: Microsoft is dropping support for 32 bit installs, not WoW64). For the moment, 32 bit x86 multilib is still common on Linux, but I wouldn't be surprised to see it start to disappear in the next 5-10 years.
So this isn't an immediate problem for most people not running MacOS, but will eventually be a pretty big problem in the next decade for this project.
So basically no more NTVDM now, forevermore? :(
Now I mostly work on macOS for mobile apps development, and sadly can't run Red.