NO, NO, NO, NO, NO! Damn!

Look, I'm not going to say the Pod sounds good or bad, only that everyone seems to miss the point. And no, you don't need a mic emulator- it's already there.
As I posted a few months ago on a Pod thread, it's not meant to be used with an amp, it's not meant to be used with a mic, when you get right down to it, it's really not even meant to be listened to until after it's recorded.
The sounds are not modeled amps, but modeled
recorded amps; thus, the mic and room and amp is all taken into consideration in the model.
Of course you can't play through Event 20/20's and sound like a half-stack or a leslie or any amp for that matter. What you can do is maybe- now I'm not arguing this point for or against- is get pretty close to what a recorded half-stack or leslie would sound like through your monitors.
Sometimes I do use pod as front end for my
tube amp and am quite happy with the sound, probably because I'm not trying to sound like whatever the knob setting is called. I could care less what it's
supposed to sound like.
Pod is simply another tool. If I had tons of expensive amps and pedals, I'd still use it. Maybe not as much...