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Speculative, but quite possibly true.
And if they did, would anyone get it as a free upgrade (like Aeon customers)?

I do share your opinion on Trevor's financial gain (or lack thereof).
He's paying Varisys well for their role, and the entire project has been totally professional.
Quite a nice change for the AmigaOne market.

Also the third party additions he's sponsoring for OS4.1 are shaping up nicely.

The question I have been pondering is, does Hyperion deserve all the criticism it gets over its slow delivery and inability to finance the development of future versions of AmigaOS?

If you look at it from a strictly economic sense, they haven't made much money on this and they are still persistently pushing forward. If the aren't generating the funds they need to move faster, who is at fault?

Not everybody can afford Trevor Dickenson's level of commitment.