eDRAM on Power7 is for L3 cache only AFAIK, L2 is only 256kb/core. L1 and L2 are SRAM.
I expect 6 or 12MB unified eDRAM if it will be a 3 core (2 or 4MB/core) and I think even 6MB would be sufficient by far (these +6MB would make much more sense on the GPU side IMHO)
But the thing is, with Power7 you can still have 32MB with 4 cores!
edit to add:
I dont even know if its possible...
but I think what Nintendo wants to do is replace a CPU core with a GPU core.
I think thats where they are going. And this is how the 32MB could be shared.