That's not a Plc but an LCC package : Leadless Chip Carrier.
Essentially what this kind of emulator does is use tap into every single pin of the processor and apply data in response of the CPU demanding it , ( so it serves as code memory : you don't install the roms on the target board but they get emulated in this box. That's why there is all those 28 pin rams. The second part is a tracer. They simply record every pin state at every clock change in those Sony 2k rams. And then decode that.
The x2212 chip on the processor board is a xicor part. Most likely it i a Realtime clock.
I have an 8051 emulator similar to this thing. Same principle.
Now, the unit Dave has is a debugger for a microprocessor, meaning no internal ram or rom/EPROM. Emulators for microcontrollers are scarce and only the chip manufacturers and some specialized companies like Nohau that are licensed by the processor maker ever made those. Those use a so called bond-out chip. This is a special version of the chip that has its internal data and address busses
Brought out on extra pins that are not available on the real chip. These chips cost a fortune and sit in sometimes really weird packages... Like dip40 with a 28 pin ic socket on their back ... I have an emulator chip from Dallas semi that has an 28 pin ram on its back. I used to have one for nationals COP400 series as well but I lost that one over the years. Also mostek 37xx had these special bond outs. You could actually take a regular EPROM , burn the code in there, poke that on the bond out,back( they called that a piggy-back package) and the chip would run just like a normal microcontroller would. These were made for Microcontrollers that were only available with mask rom option. It was cheaper to run piggyback packages in a few thousand parts than relay out the part with real EPROM on board. As process technology matures and die size shrank they switched away from mask rom altogether as they could make now EPROM cells that were smaller than masks om cells. So it made sense to simply place EPROM and use it as an OTP( one time programmable) and simply sell a few of them in ceramic windowed package for the code developers.
http://www.cpu-world.com/CPUs/680x/MANUF-Hitachi.html second from the top is a piggyback package
A real bond out chip for usage in emulators ( so not to simply hook up an external EPROM )
http://www.cpu-world.com/CPUs/680x/MANUF-Hitachi.html