Well it would seem the folks at iSoft have done it again. After receiving an email from someone named Pavel Egorkin, we did a little research and it turns out Pavel is part of the iSoft dev team. Pavel sent us the following video of Windows 95 running on an iPad.
Mr. Egorkin didn't provide us with any addition information, so we have no way of knowing if this was done using the same Bochs emulator but we'll update once he gets back to us.