FPS still run, yes, but the game crashes altogether, since you can't move(can't go back), and the map/status screen simply stops working. It's a crash, though not an emulator crash.
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AMD Athlon 64 x2 5600+ ~2.9 GHz
XFX GeForce 9800 GTX+ 512 MBs
2 GB DDR2 ~800 MHz