I think "useful" may be streching things a bit.

But it does allow me to run Win95 - although the 16-bit data bus still keeps things a bit too slow to be comfortable. Definitely not unusable, but I'd not want to use it all day. Plus it only has 8MB RAM (although I may build a SIMM adaptor to get 16MB one day).
I wonder how Linux would run on it - obviously it would need to be one of the distros meant for older machines as newer Linuces are even more demanding than Windows, but a simple Linux installation may be possible.
The hard disk is actually a 4GB Disk-On-Module, by the way, connected to a FutureIDE ISA card that supports DMA as well as PIO, so disk access is actually pretty good, which helps to make Windows usable.
If anyone does ever find a 486SLC/2 chip lying around do please let me know - getting the bridgeboard is the easy bit, it's the chip that's hard. Unfortunately ONLY the Cyrix 486SLC/2 chip will work as a replacement, so the IBM and TI chips are useless unless they're on an upgrade board, when they can fit over the old CPU (but that's less funky

)
For reference, I think this chip is roughly equivalent to a 486SX 25... but that opens up most PC software up to the mid 90's or so, which is pretty good for an Amiga!