In the continuing saga of Meltdown and Spectre (tl;dr: G4/7400, G3 and likely earlier 60x PowerPCs don't seem vulnerable at all; G4/7450 and G5 are so far affected by Spectre while Meltdown has not been confirmed, but IBM documentation implies "big" POWER4 and up are vulnerable to both) is now Spectre variant 4. In this variant, the fundamental issue of getting the CPU to speculatively execute code it mistakenly predicts will be executed and observing the effects on cache timing is still present, but here the trick has to do with executing a downstream memory load operation speculatively before other store operations that the CPU (wrongly) believes the load does not depend on. The processor will faithfully revert the stores and the register load when the mispredict is discovered, but the loaded address will remain in the L1 cache and be observable through means similar to those in other Spectre-type attacks.
The G5, POWER4 and up are so aggressively out of order with memory accesses that they are almost certainly vulnerable. In an earlier version of this post, I didn't think the G3 and 7400 were vulnerable (as they don't appear to be to other Spectre variants), but after some poring over IBM's technical documentation I now believe with some careful coding it could be possible -- just not very probable. The details have to do with the G3 (and 7400)'s Load-Store Unit, or LSU, which is responsible for reading and writing memory. Unless a synchronizing instruction intervenes, up to one load instruction can execute ahead of a store, which makes the attack theoretically possible. However, the G3 and 7400 cannot reorder multiple stores in this fashion, and because only a maximum of two instructions may be dispatched to the LSU at any time (in practice less since those two instructions are spread across all of the processor's execution units), the victim load and the confounding store must be located immediately together or have no LSU-issued instructions between them. Even then, reliably ensuring that both instructions get dispatched in such a way that the CPU will reorder them in the (attacker-)desired order wouldn't be trivial.
The 7450, as with other Spectre variants, makes the attack a bit easier. It can dispatch up to four instructions to its execution units, which makes the attack more feasible because there is more theoretical flexibility on where the victim load can be located downstream (especially if all four instructions go to its LSU). However, it too can execute at most just one load instruction ahead of a store, and it cannot reorder stores either.