There's a slight difference between emulating a 50Mhz processor and a processor like the one I have in my Powermac (which at 1.8Ghz runs 36 times faster).
No current FPGA (or any that's likely to be introduced soon) operates fast enough to emulate processors running at that speed.
Hear hear. Any PPC emulator implemented in an FPGA is probably going to run slower than the cheapest current PPC part you can find out there. Better to put a daughterboard on the replay with a real ppc that doesnt suck up as much power or system resources on the FPGA which is there to emulate chips you CANT get super cheap (or at all).
Yeah, it's probably a good idea to start a PPC core in vhdl, but it wont be really needed for a good while to come.
I say make a pci-e interface daughterboard for replay so you can plug it into an amigaone board and use it for all the classic stuff.