Looks like somebody had a lot of free time and managed to get Windows 95 on a PocketPC
This was made possible by a Pocket PC port of Bochs, by Mamaich, who has also ported DosBox, a "program similar to Bochs but it"s a lot faster and only emulates DOS". Sadly, the author tried and failed to get WarLords II working on both these versions, but I"m sure time will tell!
If you"re keen to try this on your own Pocket PC, you"ll need a minimum of a 256MB memory card (or stream the image over a wireless network) and you"ll need a program like Nyditot Virtual Display to increase your screen resolution. Oh, yes, and you"ll also need the emulato.