in a word, NO but like it or not a 60gb ps3 with other os is still the closest thing to your "dream" even if it is a bit of a nightmare.
I guess what I was wondering is if there's a way to mod or scavenge PS2 parts and put it into a working computer. Particularly the Emotion Engine and any parts needed to play games. A computer/PS2 hybrid of sorts. I've seen guides to making the PS2 into an HTPC but I don't think it could do everything I'm imagining...
I think that would be cool but i think it would require some serious experience and capability with circuit board building. Im sure you would have to build some sort of bus that could translate whatever code the emotion engine translates to work with and intercommunicate with your htpc.
Million dollar project anyone? Theres plenty of scrap PS2's you could use. Hell someone should rebuild a slim and make it an HTPC. Im sure it could be handled.
you could get a phat ps2, a copy of twisted metal online (the pack with the network adapter) and a ps2linux kit (or a modchip an a copy of the ps2linux kit), obviously you wouldnt have blu-ray but it would do the other stuff you wanted.