Vaporware .
i dont think so. i expect it to get released some day, even if not very soon, especially if hardware production run has already taken place.
the situation reminds me of a product by the same company, prisma megamix. also there seem to be the same difficulties. no matter the competence of the involved, writing drivers for the hardware seems to be too heavy a task. perhaps low level debugging is too difficult?
it may be annoying even elsewhere. it took toni and me almost a year tracking down an issue with aros68k and a4000 ide.
so in the end i think a1222 will find some adopters in the future, but the impact on popularity of os4 and therefore on commercialisation of aeons software, it is supposed to generate the actual return, will be rather limited.