No, 386/486 emulation would come later. The initial DS2x86 release will most likely be just a port of the existing DSx86 without any new features.
It was said on the blog that he planned to support it (of course it'll probably come after 286 since it's based on his DSx86). I'm not sure why you're arguing with me mentioning it.
QUOTE said:
I am using mostly the same ideas that I have used in DSx86, but will include 386/486 opcodes from the start, and will switch from using the CPU flags directly to a Lazy Flags-type approach.
Just to back up your statement with a quote directly from his Blog. He plans to include 386/486 opcodes from the start with DS2x86. We'll see how compatible everything will turn out when he gives it a public release.
I'm guessing around a month or so to get a full core construction. (Note I said Guess.)
Right now he has done a couple386 opcodes(registers) already. QUOTE