When it comes to new J2ME emulators you may also want to check FreeJ2ME (open-source, multi-platform).
Developed by XDA Developers member mohammadN, JBed comes in the form of a flash-able ZIP package and according to developer’s claims, it should run on most Android devices. Apparently an app, JBed is a Java emulator for Android that lets you run Java files on your device.
I 've installed Jbed 1.20 on Android Emulator.