No it doesnt, the PS3 consists of 8 SPE's sure, but one is reserved for hypervisor and one is disabled totally(no idea why). All of the SPE's run at 3.2 GHz I believe, and the (overpriced) Intel Quad Core for 1000$ cannot be compared to IBM's (almost proprietary) Cell BE Engine.
I say almost proprietary because they are also found in IBMs new serverblades i believe...
As for the crysis thing, save some money and time: Grab a cheap Dual Core, OC it and get a HD4850 or 4870, then 2-4gb of ram and pick the other parts yourself, they arent that important. I run Crysis at 1280x1024 on Custom Config(UltimaRages ToD hack) at Vhigh settings with 2xAA at 43FPS On a 4850 and and E8500 running at 3.5GHz. overclocks for the win ^.^
Oh and my 4850 is running at 700MHZ/2100MHZ.
Try those settings and rig :D