It would have been a disaster for Commodore to release a computer that was completely incompatible with the Amiga by that time. Users were beginning to jump ship to IBM by that point so if they were going to loose their software investment anyway, I don't think they would have stuck with Commodore.
Having said all of that, pondering how disastrous that would have been, I find myself forced to say that I'm sure if Commodore would have been better off financially they would have tried something like this...
Plus/4
C65
C16
Empirical evidence my friends...
Cheers!
-P
