yup u said it i just installed ps2 linux today nd im looking into installing Ubuntu sometime this week
The Playstation 3 has a Cell Broadband Engine, which is a multi-core processor with a CPU core, as well as what could be considered GPU cores. On top of this, the PS3 also has a nice graphics card called the Reality Synthesizer (RSX), which is a modified Nvidia 7800.
Because of this, the PS3 can provide a lot of processing power at a pretty low price. The Cell processor supports OpenCL, which allows you to take advantage of high-computation programs (Bitcoin mining, Pyrite) or write them yourself.
Although graphics cards now-adays can easily out-perform the PS3, it did take them a long time to catch up and the PS3 is still a great development device for those interested in learning specialized computing (OpenCL, PowerPC64). You can buy a PS3 and put Linux on it for $300, or you can buy an entire computer, the graphic card of such a computer will be ~$300 by itself.
If you're interested in putting Linux on your PS3, you should find remnants of the Gitbrew team's work scattered around the internet, even though their site no longer exists.
Closing thread that's older than elfy
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