I have just been using a PS3 with HEN and playing burned copies of PS1 games that way. Depends on how you prefer to play the games. Disclaimer: We love PlayStation and Sony Computer Entertainment. The PS Classic emulation is very good, as well, though.
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If you have any question(s) about the emulator or you don't know how to configure install PCXS4 then first read the tutorial and our FAQ before trying to contact us. Sony PlayStation games are made to be played on a PlayStation console, however, serious gamers who want to play games belonging to many different gaming platforms often opt to set up a PlayStation emulator on their personal computer (PC). We are also looking for active players who can help us find bugs to tell developers about them in detail(how to reproduce the bug etc.). If you want to join us and help make PCXS4 better then go to the contact page and send us a Email.
PCXS4 is made by a small group of developers and this doesn't have priority for us. PlayStation Network(PSN) is not supported yet and probably never will. PCXS4 is the first PS4 emulator that can actually play games from Blu-ray and Disk images. So far, it would be a big relief if more people would click the donate button - money is scaring me, and I don't need much of it, but I could really need some support. The PS4 emulator is still in development so don't expect a bug-free experience. That would help me temporarily, but, in long term, I don't want to become 'the guy that gets paid by his parents for making emulators'. PCXS4 is a free closed source PlayStation 4 Emulator for Windows XP,Vista,W7 and W8 operating systems.