Alright, something in general. Here’s a really cool site for anything Win95-on-Dosbox related:
http://dosbox95.darktraveler.com/index.html
Insanely good tutorials, complete driver downloads, it’s great.
Next, I played a bit with the Win95 image from the Roland Deschain xda thread. It’s working perfectly fine when I mount it on Windows Dosbox, it starts in 16 bit mode, and I can launch Diablo 2. In Magic Dosbox, it doesn’t recognize the drivers. No luck installing S3 drivers so far, either. But I’ll keep trying. 🙂