stg83: Well you are correct that not all games are optimized with the emulator but you don't need an i7 for games that are optimized. My cousin is able to run the games fine on a Core 2 Duo with an internal graphics adapter which is a notebook PC.
Don't get me wrong, I love emulation but it is a hard thing to get right, it is basically trying to run a car on diesel that has a petrol engine, but if it works it works.
But on the other hand buying a PS2 is not a dumb thing to do, used ones cost next to nothing and the games are super cheap as well, on top of that you don't have to hassle with emulation and settings, though you also won't have emulation advantages.
Actually I think now is the time to get a PS3, as they soon will be dumped in favour of the PS4 and PS3 emulation is still far away.
stg83: EDIT: Gran Turismo 3 and 4 are playable on PCSX2 ver 1.1 or higher now.
I know but it runs super laggy.