Kind of. But ultimately, At the moment no. I have seen attempts at ps3 emulation, that will run the XMB, and low level Emulation. But running a game, in a playable state is entirely different, and really isn't possible right now. Emulation essentially simulates a console/computer architecture on the host machine. This involves basically creating a ps3 in software form. Which takes an awful lot more power than the original system to pull off. No pc so powerful exists at the moment. On top of that ps3's architecture is incredibly complex, far more than most consoles, It will be some times until we see a real emulator, even ps2 emulation still isn't perfect, far from it infact, Even original xbox emulation just doesn't work at all. Any emulator that claims to play ps3 or xbox 360 games at the moment is a scam, and probably a virus, or some other form of malware. If you have a high end pc that may be capable of running current gen console games, you may as well just play the pc version anyway.