I see some comments on this subject as quite laughable.
First of all, this is a very young project and nowehere near any real optimisation. Anyone remember what the early UAE was like?
70% of native efficiency is probably possible - in time. Not today though, so I don't see why people are scoffing based on the performance at this point.
PPC paranoia: what the f...? If the PPC based systems are good enough, they'll survive. If not, tough. Uncompetitive products deserve to die, and if that's what is in store for AmigaOnes and Pegasos, so be it. Learn to live with that reality.
There's x86 emulation for the PPC (Bochs etc), so why shouldn't there be PPC emulation for the x86? One day people will laugh at the idea of writing CPU specific applications, indeed I suspect one day people will laugh at the idea of creating OS specific applications too.