My bad. They developed V8 for ARM later:
http://code.google.com/p/v8/
Naturally, no one heard of Cell V8 yet. Would be strange to hide it ! Would love it to be true.
There is nothing on this in any searchable web page. From a business standpoint it must be true. IF HULU wouldn't change their streaming protocol from HTML5 for Microsoft they sure didn't do it for Sony. The HTML5 stream is in a form that is usable/supported by the PS3 since day one and the only thing that would be significantly different about HTML5 support for the PS3 would be javascript and hooks supporting OpenGL video calls for Javascript.
So we CAN say that Firmware 3.5 contained a significant change to the PS3 firmware that allowed WEB applications to reduce in size from 12 - 7 megs each. HTML5 support (
Javascript) in the PS3 would do this but we can't confirm.
More speculation/background:
The first PS3 firmware/OS was very crude with few WEB tools in firmware. The Netfront browser did/does not use the PS3 firmware for WEB tools /codecs/javascript and the PS3 OS can not use WEB tools included in Netfront. This results in duplication and a bloated inefficient PS3 firmware. So over the years WEB tools have been added to the PS3 to support WEB applications.
Not to be critical but these tools may not have been optimized or had the talent behind them that the group developing the open source WEBKIT and WEBGL has. With a port of a WEBGL WEBKIT browser to the PS3, WEB routines/codecs/javascript would be added to PS3 firmware and old maybe buggy or inefficient code would be replaced.
New WEBKIT (open source) browsers are designed to add tools to a platforms firmware. Older browsers did not do this, they wouldn't/couldn't because they were not open source. The browser was provided as one large compiled program, an index to routines in the browser was not provided and routines in the browser could not be used without the entire program being loaded into memory. WEBKIT browsers provide a KIT of commonly used web tools separated into useful routines. They become part of the PS3 firmware and can be used by any application.
This new WEBKIT code would not be used by the Netfront browser as it is a stand alone program running on it's own code and WEB tools. So we will not see any changes to how the the Netfront browser works with updated PS3 firmware.
What we may see are bugs disappearing, faster OS code, more efficient use of memory and smaller easier to write WEB applications. This will impact games in that a smaller set of routines rather than the entire Netfront browser may be used to support a web browser inside a game.
The negative impact would be Sony delaying web applications like cross-game-chat and others until after routines that would support it are in the PS3.
And we haven't even touched on Android and the open source library of tools it brings to the PS3. They too are designed like WEBKIT to provide a KIT of tools for the PS3 firmware. These can be used without Android as they are compiled into PS3 machine code and can be added to firmware and indexed.
All this is a massive job and no leaks.......beyond Summitt_sliders comments on the PSN PS3 forum. He heard Sony employees from another division of Sony comment on a timetable for Google-Android-Chrome coming to the PS3 and if HTML5 was in Firmware 3.5 his timetable is accurate to this point.
Of course HTML5 was absolutely needed for Netflix, HULU (Catchup TV announced by Sony almost a year ago), Quriocity, Bravia Internet and more that we don't know about. A new browser is not as much of a priority as the WEB tools it contains.