Sadly, it has. At least the last time I tried it a couple of months ago.
Around 2000 I was using BasiliskII regularly in Windows. Had a pretty sweet setup. With the SCSI "emulation" I could even burn discs on my PC's CDRW using Toast. Fast forward to a couple of months ago and I wanted to try it again. Couldn't even get it to boot into MacOS. Black screen. Apparently it's a problem with nvidia cards or something. In any case, after trying a few possible fixes, I gave up and just ran the OS X version to do what I wanted to do. Sheepshaver, on the other hand, is pretty good here.