In 1989, Commodore began an endeavor which was way overdue. The creation of a near Amiga-quality computer that is 8-bit in spirit, compatible with the popular Commodore 64 (through an emulation mode), and containing a built in disk drive. Assuming that the price range could have been set below $499, and assuming that this project had been done back in 1985 instead of 1989-1991, I believe this would have been an big seller for Commodore, and would have breathed life into them which would have extended CBM beyond 1994.
I never knew they tried to create the Commodore 65. Fascinating. There’s even an emulator for it.