@Loki: You're not alone; Amithlon seems as the life saver I need while waiting for the A1.
@yssing: There's nothing wrong with the Pegasos (heck, it seems as the only thing that separate the two is the modem/IrDA and the absense/presense of a CPU socket). The real problem as I see it is MorphOS which is a wild card in the equation; will it be overall the better choice, or not. I respect the choice, but you can't convince me that you take a lesser risc; MorphOS may have a better chance being more mature at it's release, but then what? Atleast AInc have the aim of merging with the AmigaDE (which I seriusly doubt the MorphOS will be able to compete with due to the borrowed Tao technology). But then again, MorphOS have been on the move for a long time and that may prove to be the advantage it needs.
Those are just my opinions and the argument that both OS's are vapourware can be considered true; because they are. We will just have to wait and see if and when the releases come and what they really are like. Don't let my opinions start a flame war; they are just opinions based on things I've seen so far and is subject to constant changes and/or modifications depending on the newsflow.
Is there any info about the plans for MorphOS (feature list, future, etc)?