You don't need Glidos. I got the game to run using the dgvoodoo method on the http://www.uesp.net/wiki/Redguard:Installation_guide. It takes time, but it works. You need a mounted image of the CD for the cutscenes to be smoother.
That same site has a method to get it to work on DOSBox, but I did not try it.
I've tried that one several times, but I just couldn't get it working for some reason. :shrug:
In the end I go tired of the headaches, and decided that $10 isn't really that much. Especially since I got Redguard as a gift from someone, so I hadn't spent any money on it myself.