I sit here corrected. I've to crawl the dust. I have to admit that I was wrong.
On what accounts, you might wonder. Well on only one, being my believe that it's impossible to emulate an Amiga on any non-Amiga hardware in a useable manner. Because today I discovered that it can be done, even on rather modest hardware.
Right now I'm typing this post using IBrowse from the basic AmiKit installation on my new 'old' Dell Optiplex GX260 (base config with onboard sound/video, 256 MB RAM, WinXP-Pro, 20GB Mem). With all the bells and whistles of AmiKit up and running it feels even more responsive than the Amiga 40000T with PicassoIV.
While typing this, AmigaAMP plays a MP3 in the background, smoothly! This is amazing.
So, keen to get the system down and have good arguments that 'it still doesn't work' I dove into the cupboard with CD-s and pulled-out Pinball Illusions. And it worked! As well as on the CD32, back in 1996ish.
Now all I need to do is two things:
1) Find my registration key for Dopus5 (was it printed on the disk or the manual?).
2) Make a donation to the autohor of AmiKit.