Got sheepshaver running.
I found a much more thorough walkthrough at:
http://theappleblog.com/2006/07/01/classic-on-intel-macs-courtesy-of-sheepshaver/
I am up and running with OS 9.0 and very happy.
No classic in Leopard my butt...
Did you follow the instructions on Mac128.com for setting up SheepShaver? If they didn't work then I need to clarify them, though except for the pictures, it's the same steps as theappleblog.com, which is probably worth linking.
It's keeping me from upgrading...
I think that's Temetka's point, there's no reason not to upgrade now, OS 9 works just fine, though differently than Classic. However, I'm pretty sure Steve Jobs could care less that you have not joined the ranks of the spotted felines.