http://www.angelfire.com/yt/privater/shipyard.html
There are pics, ship info, and a link to the abandonware site where you can DL Privateer.
JEMM is the environment/memory manager that Privateer used (and that about covers the list of games that did folks...). It does not like Windows at all. Basically it uses some dirty tricks to manipulate memory and video resources that windows pretty much forbids, so JEMM won't run under windows worth a ****.
As far as getting it to run, first step would be to go to bootdisk.com if you don't have a copy of 95/95 or dos 6.22. You can get a dos bootdisk there that should help you get started.
You will also a program like Slowdown or Mo'Slo to get things manageable on a fast machine. This likely means P2 and up, and maybe even some fast Pentiums like a 200MHz or something. I personally like slowdown better than mo'slo, but it can be a real pain finding a download site for it since it's damn name shows up in so damn many contexts.
Privateer needs a TON of memory available. I think it's something like 604 or 614K out of the 640K base memory, so you need to axe all the garbage like ramdrives and cd-rom drivers from that bootdisk image. Tweak autoexec.bat and config.sys to use upper memory for as many things as you can; make sure himem.sys is set to allow upper memory access, include a dos=high, umb line. Dos command help can be found here: http://www.vfrazee.com/ms-dos/6.22/help/
I found the tiny mouse drivers they have available in the downloads section at www.wcnews.com very helpful too. One is 2k instead of 14k for the normal logitech mouse driver.
Most joysticks do not need drivers, although you pretty much need an analog stick- I had fits even with my Microsoft SideWinder 3dPRO v1.0, which was supposed to emulate either a Thrustmaster and something else (Apache?)
The big clinker though is getting dos sound drivers. I found www.soundcard-drivers.com by far had the most available, but many newer cards just don't work in dos. Read the readme that comes with privateer. They tell you about a specific error code that pretty much means you gots sound issues that will crash the game at startup (memory error 44F or something along those lines). www.wcnews.com does say that MyJEMM add support for SOME windows only soundcards, as well as USB devices. In case you were unaware DOS+USB=not gonna happen.
I hope I was of some help. I dug out my copy of Privateer once I got bored of freelancer and had to get the damn thing working. I finally ended up re-appropriating my old P133 from my mom that had an ISA SB AWE-32 to get things to work. It worth it after all the little things that irked me about Freelancer to get it going. I don't think my mom minded too much either- I traded her a 2.4 GHz Athlon XP on an NForce2 MB for it. She does ***** the fan is too loud though