I was able to install the new raspy3 kernel on my raspberry pi2 board!!
Sound played over my TV set speakers out of box without any problems.
Observations:
The ReadME file needs to be rewritten. It should say...
Format your card to fat32 .
Drag all contents to the card, then copy fd-arm.sfs as well.
Make changes to config.txt if desired.
Finally insert card in board and power the board on
I suggest for convenience putting in config.txt
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Also window edges couldn't be seen . scanning problem I guess.
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