File:Qemu-linaro-1.2.0-2012.09 for Win with a kernel for raspbian

Qemu-linaro-1.2.0-2012.09 compiled for Windows with a raspbian kernel 3.2.27 for Qemu and a .bat file to start.

Rename the download as something.7z (the 7z extension is important) and uncompress it

Just put the newest raspbian image (2012-09-18-wheezy-raspbian.img) in the same folder and click on run.bat