Does the Action Replay Max Evo Work on PS3

I dont have a PS3 at the moment and to be honest im never paying silly over inflated prices for a console again but to those that have does the Action Replay Max Evo work on the PS3.

If so then we will have Genesis emulation already on the PS3 albeit via a PS2 Disc, anyone verify one way or another via comments

Ummmm.....how could something as heavily subsidized as the PS3 be called "silly over inflated"? That's retarded.