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Originally Posted by Dia.
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I still stand by what I said earlier in the thread; PS4 is highly likely due to the standardised processor architecture they now use (the PS4 -> PS5 jump will be like a PC upgrade, not entirely "alien" hardware) and there's a good chance that it'll be powerful enough to successfully emulate all PS1 and PS2 games... but I strongly suspect that PS3 will be missing.
It's very unlikely to be able to software-emulate the CELL (the uniquely architectured PS3 CPU) and they already discovered that it wasn't financially sensible to put physical legacy chips into new-gen consoles with the PS2 -> PS3 generation. They tried it for a brief production run and then changed course. I doubt they'd do it again.