Sorry, I did not read the whole thread.
I look at it this way. It is between emulation and an Asic.
Emulation -> Reconfigurable Logic -> Asic
VHDL looks like programming but I bet it is a bit pattern when done.
After looking at the difference between Hard Wired and Microcode on the web, I feel it is more toward being hardware than software.
Having the Amiga OS on hardware without a software layer below it is the whole idea to me. The software layer being another Os.