The iCE40 and Cyclone V are worlds apart. Yes, there's a free toolchain for iCE40, but you haven't an ice cube's chance in Hades of emulating a console CPU with the 7680 LUTs available on the largest chip in the line. By comparison, the Cyclone V found in the MISTer has over 100,000 LUTs. Alas, it has no free toolchain.