@bigbenaussie
Well, you totally forgot one major part of the story. In 1997, Phase5 had already produced PPC boards for the Amiga and proved they could supply a viable hardware PPC platform for migration from 68k without having to drop legacy totally and suddently (which would be fatal for such a small software base). Other PPC solution announcements - amijoe, Brainstormer G3, the original Escena AmigaONE - turned out to be vapor and were never produced. The SharkPPC remains in limbo.
Amiga Inc was nothing really to do with the decision to go PPC. They chose to announce OS4 on PPC. This was more as an appeasement measure to hold their possible new market base together than any serious announcement, but they did have a reason in that bPlan (what remained of Phase5) did have software and hardware ready to become the new Amiga and OS4. This later became Pegasos and MorphOS after negotiations between AInc and bPlan broke down. Certain figures then decided it was better to fatally split the community than allow these non-Amiga branded solutions to become the new Amiga, even if in doing so it meant virtually no profit for anyone. Think about it - they did this really for Amiga Inc, who have done NOTHING for the community. Sad.
And on the related subject Amiga Inc. probably didn't choose Amithlon or AmigaOS XL to go on to become OS4, simply because they could never have licenced x86 boards and got their cut the same way they could with proprietary hardware. That's all, really.