Barcelona Supercomputing Center It makes more sense for the rumor to be about emulation of cell in a PS4 than designing Cell2.
If you consider that a CPU + APU + GPU together have to emulate Cell in between frames rather than real time and we have 400 cores that can perform streaming and array tasks roughly 10 times faster than 7 SPUs and 4 CPUs that can perform a small single thread task (This is the big issue if critical timing ) at roughly 1/3 the speed of a SPU and Sony might be doing some custom work on memory performance ..... it might be possible.
Confirmed, Cellsim Cell emulation or modeling work being done. Certainly it looks like they are doing work that would allow them to design an emulator using the hardware rumored to be in the PS4.
From 2007 IBM Cell BE Software Development Kit 2.0
Rigbizzle, is there no chance we'll see a powerful PS4 :-/?