@Karlos
Haha. Maybe it's a suicide talisman--something she forgot to take with her.
Jumping in with my layman response: I like the sandbox idea. Run legacy and blacklisted software--second class processes--in an unprivileged, protected partition and devise a mechanism to marshal messages between first class and second class processes. Calls to privileged instructions could be caught and emulated within the sandbox. OS4 software should, hopefully, already be well-behaved. If not, it can be fixed and recompiled.
Personally, I don't care whether or not my OS4 box runs classic (680x0 or PPC) software, so long-term, I'd like to see support for legacy software disappear entirely. If you wanted to keep them, though, you could keep the first 32 bits of a 64-bit address space reserved for that stuff and create as many individual or shared sandboxes as the user wants. Think VM86 and DOS under OS/2 and Windows NT.