This is a highly-informative site on Cell technology and architecture.
http://www.blachford.info/computer/Cells/Cell0.html
For those not interested in the details, here is a quote:
"If over clocked sufficiently (over 3.0GHz) and using some very optimised code (SSE assembly), 5 dual core Opterons directly connected via HyperTransport should be able to achieve a similar level of performance in stream processing - as a single Cell.
The PlayStation 3 is expected to have 4 Cells."

http://www.blachford.info/computer/Cells/Cell0.html
For those not interested in the details, here is a quote:
"If over clocked sufficiently (over 3.0GHz) and using some very optimised code (SSE assembly), 5 dual core Opterons directly connected via HyperTransport should be able to achieve a similar level of performance in stream processing - as a single Cell.
The PlayStation 3 is expected to have 4 Cells."