IIRC, it came to be because Sony and IBM tried to make Cell the next big thing in supercomputing. But the concept proved to be a massive hassle to program.
Did Sony/IBM every actually release viable/affordable Cell hardware outside of the PS3, or is Cell pretty much dead now?
ARM chips took the many-independent-cores end of the market, GPUs took the wide-SIMD end, and may history show that the Cell approach was a failure.