I don't think so and I've never heard of that. Dousan explained everything very well. And if there's some emulator available to the Galaxy note, the games likely won't run usable.

It is still very difficult to run PS2 games decently on most PC's and almost impossible on modern notebooks (if I'm wrong please correct me). Next to that emulators are very difficult to optimize so that they use available hardware as efficient as possible (e.g using the multi-core processors).

For a (more or less) satisfying emulation on any mobile phone you can't go further than PS1 and N64 right now - everything else if PS2 or XBOX will certainly come at some point (not N9 though).