when do you believe Ps3/Xbox 360 Emulation will be an option for modern day Pc users? if at all possible?
Probably never.
About a decade if you're lucky (being completely serious here)
Many many moons. Hell I don't think there is even a decent emulator for the original xbox let alone a 360. PS2 does haveĀ PCSX2 which I hear is finally gotten pretty good in the last year or two, but PS2 came out in what, 2000?