Earlier quoted context omitted.
Chisel doesn't require co simulation, as it is actually RTL in itself... it describes actual logic (registers and gates) instead of the functionality of the chip (as MyHDL does). Chisel being actually RTL makes it much easier for actual hardware engineers to use, but still allows for very powerful paramaterization that cuts down on total number of lines that have to be written. I would even say that it being embedded…
I've been skimming through MyHDL stuff. It does support RTL like Chisel supposedly. http://docs.myhdl.org/en/latest/manual/rtl.html So it should simulate RTL and give you cycle accurate waves. No gate level sim for either tool means you're dead meat which ever way you go, so I am not sure why I am even bothering to look at this stuff. The respective merits of each approach is somewhat pointless when crucial steps in…
What you linked to there seems to be a "mode" (Can't think of a better name to describe it at the moment), similar to how you can embed verilog or C++ into Chisel.