I don't know what SONY is planning for it's next generation console, but if they have or are considering an option like that they obviously wouldn't consider something from the Series5XT (SGX544/554) family but rather Series6/Rogue. ST Ericsson's A9600 is delivering according to ST from the GPU alone >210GFLOPs, >350M Tris/s, >5.2GTexels/s. For the FLOPs you'd need either 16 SGX544@400MHz or 8 SGX554@400MHz (give or take). The Rogue in A9600 isn't obviously a single core either, but it's in all likeliness only 2 or 3 cores. Now imagine what comes out at the other end if you go for a high number of Rogue cores at a high frequency.
I can't know what IMG would charge in theory for a N amount of Rogue cores in terms of royalty per chip. I don't know what SONY is paying per console for the RGX, but rumor has it that they're paying more than Microsoft pays to AMD for Xenos. Xenos could be $4-5 for each console.
If true not that expensive either and I doubt the difference in terms of royalties for GPU IP is like night and day. Die area for a single Rogue core is blank for the moment and it'll probably take a long time before we find out (probably when the first devices integrating the Rogue IP appear).