The emulator is still at an early stage of development.
As reported by Read Only Memo, the team behind the RPCS3 PS3 emulator started to work on a PS4 emulator called RPCSX. The project appears to still be in the early stages of development, and isn't the first of its kind, with plenty of other developers also trying to create their own PS4 emulators of varying quality.
Read Only Memo writes that the idea for a PS4 emulator "has been floating around amongst the team for a while". "I did some things just after the console's release," the developer says. However, they decided to wait until after the release of the PS5 to work on it further.
Even though some of the RPCS3 developers are working on the PS4 version, the emulator is now available on GitHub, so anybody who can help is welcome to contribute to the project. According to the post, there's no "ETA for RPCSX — since developing it isn't anyone's full-time job but when it is up and running it'll hopefully run real PS4 games".
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