Explosive? I remain unconvinced. There just aren't enough people doing that kind of work.
I am excited to see progress in open source FPGA fitters. I've always felt those would be hard to do because without access to the performance model, it is hard to do a good job of auto-placement. So that is cool, even though the current open source tool (I forget the name...) only does a few FPGAs.
So there's that.
I would very much like to hear about your progress on this, FWIW.
Also, I'm not sure, but just in case the following things I was reminded of are directly/indirectly useful/helpful (for ideas or parts, or maybe some of the engineers may be interesting to talk to..?)...
- MARSSx86 - a cycle-accurate x86 emulator built on top of QEMU: http://www.marss86.org/~marss86/index.php/Home
- Cling - a C++ interpreter built on top of LLVM's JIT: https://root.cern.ch/cling
There are several cycle-accurate emulators out there, MARSSx86 is the first I discovered. I'm not sure if it's useful.
I'm not entirely sure why I'm mentioning Cling. It used to be based on a custom runtime (and called CINT) that was absolutely massive and was basically its own C++ implementation. Cling is effectively a very small patch/driver on top of LLVM's C++ implementation and its JIT runtime.
Verilog is still used for a very good reason, it is not because the EDA industry is stuck in time.
I think the market would create itself with the right ingredients present. I think a high level language, a well defined intermediate representation with an eye toward synthesis but initially just targeting simulation, and a cycle accurate high performance simulator for said intermediate language would be explosive.
(bonus points for writing the sim in WASM, heh)