@ _stet_
I would say lack of interest is the biggest hurdle. In terms of emulating the PPC it makes little difference if the host is an x86 or a PPC... I used MacOS 10.3 in PearPC (an x86 PPC emulator, google it) for a good few months before buying a Mac... OSX was slugish, but usable on my old Athlon64 @2Ghz... The slowest part of PPC emulation is the MMU... Apparently...
Of course, much faster would be a PPC VM on a real PPC chip... But I've not seen or used one...
If someone wrote a suitable BIOS for PearPC, it should boot OS4.1... The same applies to MOS... Driver issues aside.
The question remains, where does the motivation come from... If you are so desparate to run these systems, just buy the hardware for them, it will be faster, better supported and money will flow back to the devs and help keep the project alive :-)