I've already voiced my concerns about this in the associated Forum thread. In summary: It's bad news if OS4/MOS gets running under emulation.
If an architecture can be emulated at near full speed on similar spec hardware, it's not a good architecture. ;-)
Seriously, I'd be more worried about hacking AmigaOS to other PPC platforms. If a single person can write a Direct3D wrapper for Glide, a good cracker team can get OS4 running on a Mac or Pesasos (PegasosI has the same northbrige, remember?)
Once you go to PowerPC, you're stuck with it. I doubt emulation by itself really poses any threat to the Amiga market. I'm still pissed about the decision to go PPC native instead going the route of a virtual CPU, but I've already complained enough about x86 vs PPC in the past. People should stop stirring up the emulation paranoia.