I thought Andreas Loong (Guru Meditation) bought the rights to Magellan, not Hyperion?
As to the rest of this thread... well... everyone is entitled to their opinion I guess, but I think Hyperion are doing a good job, development wise, its just a shame we're tied to PPC.
Oh, and as for 4.1 being substantially different on different hardware, I don't think thats the case. The 4.1 release going on to Classic is 4.1 Update 2, with some updated modules specifically required to make it work on Classic, but otherwise the idea is to release it at 4.1u2 level as close as possible.
The intention then is to keep future releases of 4.x as closely in sync as possible, AFAIK.
Note: Although I am on the OS4.x dev team, i'm not speaking officially for Hyperion in this post, and I'm not personally responsible for the OS4 release process or policies related to it.