Yes you can! This is just plain fantastic!
dmitry.co/index.php
I too saw it. As ARM core is emulated on AVR micro, it runs at ca. 6.5kHz effective clock frequency. On the other side, I recall seeing UNIX-like OS ported to Z-80 CPU. It was called CROMIX - made by a company named Cromemco some 30+ years ago. As far as I recall, clock was 6MHz and it was a commercial product, although I doubt it had a large customer base... There's an article about it here:
www.retrotechnology.com/.../crom_kuh.html
Well, it brings back memories, as Cromemco's System-three was the first computer I played with...