I haven't heard anyone call it the New AmigaOS, that title is for OS4 only! However it is a nice Amiga-compatible OS.
I have seen it in action and it shaping up to be a really nice modern operating system, it is just a shame that the community is effectively split, since if Hyperion and Genesi worked together to make the ULTIMATE OS then we could have something really special (well one can dream)
Edit: Goddamit, IE REALLY DOES SUCK!!!!
