After following this thread for some time, i figured i'd post some of my findings running on HTC 8x:
1. FFVII & Chrono Cross both run well, although i notice that game speed runs slightly fast out of battle, and slower than normal in battle. For RPGs, it's very playable.
2. Resident Evil seemed like it ran ok, but holding a button while pressing another to shoot doesnt seem too work well on touchscreen so i abandoned this until i get a MOGA pro.
3. I ran into an issue where I'd load a save state and it would reboot the emulator, effectively deleting the save state. I havent had this issue since update, but i now save on memory card (if available) as much as possible.
if anyone has any setting suggestions to correct the speed issue, I'm all ears. Currently running: Frameskip off, SPU Hack off, PSX CPU Speed 100%, BIAS 4. These seem to be the most consistent settings, i've messed with them, but made the problems worse.
Thanks for your efforts into this project Andre, look forward to future updates.