From the OS/2 Programmer's FAQ:
GNU Emacs 18.58 is available. It requires you to have EMX installed on your machine, but it comes with all the EMX files you will need. Emacs is available on ftp-os2 in /pub/os2/2.0/gnu/emacs. (If you want to recompile emacs, you will need the full EMX distribution see section @node Question 2.2.)
The above quote may be out of date. See the latest OS/2 Programmer's FAQ {perhaps in comp.os.os2.misc?} for the latest news. Anonymous FTP info:
/ftp-os2.nmsu.edu:pub/os2/2.0/gnu/emacs/ ("ftp-os2" was formerly named "hobbes")
Thanks go to Stephen Simpson <simpson@symcom.math.uiuc.edu>, Jonathan Miller <jem+@andrew.cmu.edu>, Terry Kane <terryk@cc.gatech.edu>, J. D. Baldwin <baldwin@csservera.usna.navy.mil>, and Ken Bass <kbass@gmuvax2.gmu.edu>.