From purely an end user perspective, MorphOS seems to be heading in the right direction. I agree it's baby steps but it is more than I see ATM from the OS4 side. I mean absolutely no disrespect to Hyperion when I say this.
1)Office: Papyrus supposedly near completeion.
2)Browser: Supposedly Intent/DE can bring FireFox
3)Java: Intent/DE gives that
4)Modern media players: MPlayer does quite well, though could use a better UI
5)Developers: The Phree boards and MDC is a good start
It seems some of the critical apps are being addressed. While the steps above certainly don't guarantee anything, it seems to be sure death without. I could be wrong, but I haven't seen these things addressed at all for OS4.