You really should go read the latest patents from Cerny, it shows their approach is more advanced than a software emulation and forcing high level access. There are no limitations or requirements for next gen hardware from that perspective, other than gating different sections, and adding low level translation layers. With this they can do boost modes and nearly 100% perfect compatibility, and practically cycle-exact fallback modes, which software emulation cannot do. If they succeed with this plan, they end up with the best of both worlds. It defintely requires a massive expertise to pull it off, from hardware and software alike.
Reading those documents destroys the narrative. Dumpster diving in pastebin nonsense and console warrior twitter ramblings are their safe-space.