@commodorejohn:
I see your point. There are two easy options that come to mind.
1. dual boot! I think we're all agreed at least that compatibility with legacy hardware isn't the problem, but rather maintaining compatibility with legacy software in an up-to-date OS.
2. run all legacy (i.e. 68k) software in a shared virtual address space. Legacy applications will still be able to interfere with each other, while new software can be completely secure. Obviously this is something of a compromise, but how much does it really matter and how much effort is it worth? In fact this should be possible even under Linux with a modified UAE, by which I mean, rewrite the functionality of AmigaOS in C and compile natively instead of emulating it, library calls could easily be trapped and Intuition windows and widgets mapped to X windows. I might look into doing this in fact.
I don't see why SMP should be a problem.
@Thorham: all your objection seems to come from the way you define "Amiga". You've defined it dead. Other people define it differently.
I'd love to see a new Amiga personally because I think of Amiga not as a thing so much as an ideology. Although it's also because I feel quite strongly that "the wrong side won", maybe it's just loyalty, but I can't accept that Amiga is dead and the prospect of a new market in ARM powered desktop/laptop/HTPCs makes me think that it has a real chance to get back on its feet again. If you don't want a new Amiga then, well, just don't buy one, fair enough.