I am not sure why you would want to ruin a perfectly good iPad by running Windows 95 on it, but the video above from Pavel Egorkin, a Russian social gaming developer, appears to show just such a hack. Impressive since the iPad jailbreak has yet to be released. Or maybe fake. You be the judge.
Windows 95 definitely does not look touch-friendly from the looks of this video. Why not go for the Windows XP Tablet Edition?