To clarify, if the 3D graphics are done on RSX, that's hardware acceleration. I don't think hw accel was supposed to refer to the EE+GS chipset, because there's no equivalent for Gamecube emulation (that was part of the question).I know, and so should most people (looks to post above), that Sony intends to deliver PS2 software emulation.
Whatever Sony is going to do for PS2 emulation, they will not be bound to Linux and the existance/quality of OpenGL/ES drivers like third-party emulators.