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The Cell as an additional processor would be a waste of money, that component costs could be used much better at other places:
- a Ryzen based CPU + a modern GPU is probably fast enough to emulate a PS3 (and PS Vita, PS2, PSP and PS1)
- if the PS5 is PS4 compatible: how many games would profit from PS3 compatibility? Almost all good PS3 games already exist in an x86 version (PS4 or PC)
- Sony and third parties prefers to sell remasters, otherwise PS4 would have PS2 BC by now
- most third party developers would ignore the Cell coprocessor anyways
- the additional Cell wouldn't only increase the hardware costs, but also the power consumption