The PC/PPI cable is in fact a simple data-driven RS232/RS485 converter. Any converter that doesn't need handshaking lines can do. I even tried it with an AIC+ from Allen-Bradley and that seems to work as well. I wouldn't recommend this interface, because it's about the same price (or even slightly more - at least over here) than the original Siemens cable, and you have to wire the RS485 side yourself.
Kind regards,