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Would love this, as well. Though, I think they should make an emulator akin to the one for the PS2 on PS4 games, with higher resolutions and improved AA. They can make the games already bought on PSN for PS3/PSP crossbuy.

If they don't do it this gen, I would love more focus on it next. PS4 and PS2 are a no brainer, since they are sticking with x86 and already have the PS2 emulator for it. PS1 should be extremely easy for them, even with improved graphics. Hell, they own the Bleem emulator code. PS3 may be more tricky, but I think the PS5 will actually be powerful enough to emulate those games.