I didn't read all the comments, so sorry if this has already been said. Like others already mentioned, emulation is perfectly legal so long as they don't include the bios with the emulator. Now I don't know sony's history of court cases, but the only ones I remember hearing about were with bleem, and not only did that contain everything needed to run PS games save for the games themselves, the creators were also trying to sale it.
So would sony even bother with it? I'm not so sure they would. Maybe send some threatening letters and whatnot, but would they engage in a legal battle that they'd surely lose? I'm not sure even sony is that evil/stupid.
Ah well, here's hoping either a PSone emu comes out or devhook is able to emulate whatever it takes to run sony's official emu.
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