first time I read Wow64 I thought of World of Warcraft 64 bit version
Mostly correct, except the "virtualizing the CPU" part. If it really was an emulation, 32-bit programs would run ten times slower than 64-bit programs. Check The Laboratory: they often run faster than their 64-bit counterparts.
with 20+years experience in 32bit coding/optimizing and few years 64bit coding,will it stay that way?
I think if we develop x64 optimizing skill it might change how much faster 32bit vs 64bit ?
if you run something in 32bit it is limited to 3.8gb brings it to a halt or pause to load/save data,while x64 with 64gb keeps running alot longer,well best advantage is utilize 32 cores SIMT that each need much memory,3.8gb/32 =100+mb "duckponds"

the first tomhardware link meantions new produced 386's,but thats too little instruction set for most 32bit games