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That would be super cool! I guess there is the PS Plus streaming, but the game streaming experience was really frustrating. Maybe it is just my internet sucks, but that has to be a consideration for these companies.
There are other approaches for backwards compatibility, like static recompilation which is what Xbox and Xbox 360 back compat on Xbox One/Series use. With the Cell architecture that may still problematic, but just saying, the '10x' figure isn't the whole story.
PS3 streaming on ps4 and ps5 using custom ps3 server hardware so his streaming experience is probably just bad lag but its actual ps3 hardware. its not a ideal way to play but if they figure out a emu on the ps5 or ps5pro that would be a game changer and push me to buy a ps5 pro
PS3 Emulation isn't nearly as taxing as Dragon is saying it is. While you do need to have a fairly recent system to play games on RPCS3 I have a 5 year old system that is not only able to run ps3 but upscale at 60fps on most games is t can play without issue. Sony has the source code to the system so they should be able to cook up something much better and more efficient than the RPCS3 team has been able to.