I've managed to following Jivings answer to set up QEMU on my Ubuntu machine with the default Debian image, though I have had to use arm1136-r2 instead of arm1176.
What is the best way to compare the speed the emulated processor is running at?
Doing a cat /proc/cpuinfo gives me BogoMIPS = 135.57. This was on a Intel Atom @1.6 GHz, no KVM.
How does this relate to an actual Raspberry Pi?
/proc/cpuinfobut actually the raw number of instructions per second? – Jivings Jun 15 '12 at 07:24