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Wow, eMacs are cheap!http://computers.shop.ebay.com/Apple-Desktops-/111418/i.html?_nkw=emac+1.25&_catref=1&_fln=1&_trksid=p3286.c0.m282-Edit-Actually this is a better search!http://computers.shop.ebay.com/Apple-Desktops-/111418/i.html?_nkw=emac%201.25ghz&LH_BIN=1&_dmpt=Apple_Desktops&_fln=1&_sop=1&_trksid=p3286.c0.m283
No.The license is tied to the hardware, not to you. You can however sell the hardware with the registered OS bundled, and recover money for a new registration that way.
Just out of curiosity - is it the PowerMac or PowerBook you would prefer the most?Personally, I have always dreamed of a *laptop* running my favorite OS and applications! (And BTW (directed towards the MorphOS team), my Voucher idea was seriously meant. The MorphOS team would get money now, and customers would be able to enjoy the Special Anniversary Price! A win-win IMHO! )
If your registered hardware dies, and you can prove it (you discuss this with the MorphOS team directly as your personal unique situation arises), you will get a new keyfile for your new hardware! A kind of "warranty". This has been discussed a lot over at MorphZone.org, look there if you don't believe me (I don't have any links, but you could always ask MZ's living webcrawler Andreas_Wolf about it ).