I have code burn on a ROM in the target system it works fine I load the same code on the emulator and the results are very unpredictable.
I tried the metalink ICE when I evaluated and do know that it works. I use a different ICE, but have a few ideas.
1) do you have a supervisor with a watchdog.
2) did you configure your ICE for internal ROM and RAM
3) is there a unique chip select for ..32?

Erik