I would expect this to be more viable than ever, now that the cost of console hardware is so heavily subsidised by online subscription services.
The PS3 was using a pretty weird CPU, which importantly had a single general-purpose core but 6 SIMD co-processors, making it very useful for compute tasks on supercomputers.
These days you'd use off-the-shelf compute-oriented FPGA or stream / GPGPU units paired with general-purpose CPUs e.g. OLCF-4 has 9216 general-purpose CPUs driving 27648 Tesla V100.