Well yeah I would assume so, first you would need to locate the entire device driver code in disassembled binaries, it may not be so easy, and not every dev will be able to do that, then once found, it would need replaced with your own ppc code, and the real headfuck starts lol
Alternatively, depending on which device you intend to work on, you could also leave the current code as is, probably wiser, and instead at runtime you might be able to hook the hypervisor functions that make use of the device, divert them to new functions that would make use of your own driver code compiled for ppc and poked into lv1 memory space.
Either way you would need very good hacking skills and ppc fluency to undertake such an enterprise.