I think you`re the first person on this earth calling the EE a traditional CPU. It wouldve been known to the devs by now, but that doesnt mean its traditional, I`d say say Cell is a logical evolution of the EE.. and easier to handle too..... with a traditional CPU like PS2 EE. ...
But on hypothetical what-if scenarios: I said it way before launch and still think the PS3 would`ve been better served with an additional 256 MB Ram (XDR preferably) instead of a required HDD. (of course with the optional HDD-Bundle and the ability to use plain SATA-Drives intact)
Cost shouldve been roughly the same, Multiplatform games would have better textures than the XBox and thats wouldve been an obvious improvement for Users. Noone cares if a year later you`d need a (bigger) HDD anyway, its the initial expense that shocks people most - Whos really gonna believe a 20GB HDD will last through this gen, its just a useless doorstop you HAVE to pay for)
And theres no reason for not allowing games that require HDD, even if a SKU without was sold. (Im sure soon MS will prove that point)