For what I need, MorphOS is usable from day to day. My wife has Windows 7 and I cannot fathom an OS that needs > 2 GB to run comfortably. When she had XP on her 2 GB machine it ran really nicely but with Win 7 her machine crawls.
Ubuntu is a nice system and I have the Desktop version at home. I use both MorphOS and Ubuntu and either can be used for day to day stuff.
I am amazed at the >2gb comment, understand it with Vista though, I run Windows 7 on a netbook with a single core atom and 1gb ram and it flies. But MorphOS to me is more polished than Aros but Aros IMHO has the best potential future and already has parts the others lack.