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>> What does OS4 offer that MorphOS does not? <<
>> Noone has yet answered me this other than to say that one is official, and one is not. <<
You've pretty much answered your own question. That and the reply after your post has it nailed.
I think the price of the Pegasos II is attractive, and if I were going to be running a PPC Linux, it would be fine.
But that it won't run AOS 4.0 at any time (as far as we know) means I will be out on a limb for new applications.
MorphOS could be developed to be binary compatible with AOS 4.0. That sure is possible. But I don't think I want to stake that much money on a remote possibility.
I can wait.