I don't get it.
On the one hand they complain about the lack of hardware - and I still don't see where any new hardware is going to come from - a few amateurs working in their bedrooms or Eyetech who have already lost money on the A1 and have been silent for months, along with Mai whose website hasn't been updated for 18 months and is full of missing images and dead links, and haven't shown any signs of life whatsoever for almost as long? Hardly seems like a mass-market proposition.
If there is the press and media interest that Hyperion hopes for, then they're going to have to do a lot better if they don't want to be laughed at. The readers of Slashdot and ArsTechnica are somewhat less forgiving than for example aw.net.
And on the other hand they say they're not ready to port OS4 to the Pegasos II - a proven, working, cheap, available platform already in the hands of thousands of current and ex-Amiga users.
Either they want to release OS4 or they don't.