We had recent mainframe that had cost us $700,000 for the main CPU.
We could have easily run our total corporate workload on a PC at the time. I seem to recall that Xeons and Opterons were out for a while. 1/2 a Xeon was plenty emulate a full Z1 CPU.
When I tried to determine true cost, I got hit with the OS license that IBM would not give us for less than about double the cost of the "real" mainframe.
There was simply no point in looking at any of these devices once you take OS licensing costs into mind. Some are sold as backup for when your mainframe fails, but never for real corporate workload that requires a recent OS license from IBM.