I have a USB that I would like to image and then emulate it on a Windows 7 system. Is that possible?
I also have an Ubuntu system, if that would make the imaging step easier. (In my experience, doing advanced stuff is easier on Linux-based systems)
I dug a bit further, and found this device to be a HASP USB. It needs the USB inserted to have the software work. I find that to be quite a hassle, and a potential issue, should the USB be broken or lost. Think this question on grey legal areas, so mayhaps we need to close it?