Right after the demise of Commodore it seemed imperative that the Amiga got back on track ASAP if it wanted any chance of survival.
Somehow that never really happened. Many years have passed and we find ourselves in a completely different arena. Computers are less exiting than they used to be and all have about the same possibilities. Even the new Amiga related PPC hardware is not that different from other designs.
AmigaOS is a brave effort to somehow keep the Amiga alive, in a way so is MorphOS but unless they bring us something as exiting as the first AmigaOS did in it's day they will end up being just another OS and probably will take the same route as say BeOS.
I would say it's not that important when it will finally surface, more important IMHO is what this NEW OS will bring us. I was there when people were totally amazed with the Amiga, no matter what their computer background was they were stunned.
Will we see this happen once again ? I'm willing to wait for another experience like that. Maybe I will have to wait for OS4 or OS5 for that to happen, maybe it will come from a completely different direction. I don't know, all I know is that I'm waiting...