The Peg 1 is using similar hardware to
the aone. And both have some probs.
But with the Peg 2 came a new hardware.
So far I know of no problems and I'm running it
since about one year.

MorphOS is bundled with the Pegasos and AOS4
comes with the (micro)AOne when you pay it.

When you like what you see looking at MorpOS
there is no problem buying it ... but if you
want more features than what is already in the
current version of the OS I would not recommend
to buy it ... the current situation is a little
unclear (at least) if there will be a future
development of the kernel part of the OS.

But there are many talented and great programmers
writing software

My opinion: I love MorphOS and my Pegasos 2 !