We are using browserstack.com for our testing on the current project – real IE8 is very different to IE8+ in IE8 mode
Anyway I am lazy (efficient) so I created a batch file to run and create the local tunnel. Take the following and add it to a .bat file (windows only of course) and run it when you are logged into the browser stack – this may change based on your JRE install path
cd C:\Program Files (x86)\Java\jre7\bin
java -jar BrowserStackTunnel.jar *YOURKEYHERE* your.localserver.com,80,0 -force