I`ve had my Peg2 for about 2 years or so, and It`s been great.
Many of the more modern games (Wipeout2099,the Hyperion ports) fly on just a G3. I`ve been considering getting a second one with a G4. Hollywood2 works great, and I find myself working with Papyrus more and more. E-UAE on my specs can play classic games up to speed. With workbench it`s just a bit slower than normal when trying to play things like Hereitc in a window. I`m using using hard files from an Amiga Forever install, so it`s probally a matter of prefs to have better speeds. Many people may complain that the OS is developed slow but I`ve been happy with it.