Now that there are more emulators that support this we should allow this hack on the main site. Here's a list of emulators I've heard are compatible with the hack. I found most of these by googling.
Gens 2.11 (hacked with support of roms over 4mb)
Gens32 Surreal version 1.69
Gens version 2.12 (Hacked with support of roms over 4mb)
Dgen version 1.21 (with errors)
Gens Plus! version undetermined
Picodrive version 1.45a
PICODRIVE ENG version 1.35 (Symbian OS 9.1, 9.2 and 9.3 s60v3 smartphones)
Neogenesis version 22 (Xbox)
Pico Drive version 0.47 (Windows Mobile)
Pico Drive version 1.51 (PSP)
Gens Plus version 16-07-08 (Wii)
MD Emu version undetermined (iphone)
I know the patch will be huge but I think the max of file size is 30 MB so it should be acceptable. Another reason this should be accepted is the game works on real hardware if a custom cart is made. Here's video proof:http://www.tvclip.biz/video/2bt5HiaE7-0/3721-umk-3-ultimate-mk-trilogy-play-on-real-hardware.html
Edit: Disregard, I thought this was a thread for Ultimate Mortal Kombat Trilogy.
Edit 2: Wow, great hack. I wish it were complete so we could add it to the site.
Edit 3: You should consider switching to xdelta. It really brings down the file size. The IPS patch is 3,81 MB zipped and the xdelta patch is 1.33 MB zipped. XDelta is good cause it takes into account moved data so it don't copy original code.