US Airforce builds supercomputer out of 1,760 PlayStation 3
techeye.net
techeye.net
So, suppose a bespoke 190TFlop beast would normally cost $20M - at a bargain $0.10 for one flops!(http://en.wikipedia.org/wiki/FLOPS -Costs of computing)
Looks like with their setup they are getting $0.01 each flops.
But, those tend to have two Cell processors, they're a more recent version, and it's an actual high performance computer, with lots of memory and fast interconnects. So they are in no way "equivalent."
[1] The Cell has one PowerPC core and 8 SPUs; but the PS3 is shipped with one SPU disabled, so they can get the yield up.
Also somebody is working on some patches which allow linux to run on top of the same gameos hypervisor that the commercial games do. This allows access to an extra spu and slightly more ram too. It does require an exploit to allow the execution of unsigned code. Here's the git repo: http://git.marcansoft.com/?p=asbestos.git
Hector Martin has been playing with kinect for the past month so that explains the lack of progress.
On the other hand, a large institution can invest in a PS3 development kit and develop their crunching software to run within Sony's OS.
Anyway, Cell is dead and both Intel and AMD have similar architectures coming out next year for x86. I wouldn't bet on PS3/Cell right now.
http://www.nvidia.com/object/io_72770.html
Those, for example, are dirt cheap and have similar benefits to the Cell. And you don't have to work around a platform that was designed for playing games.