I must admit that I don't know much about ARM or the P.A. Semi chips but I do know that the EU must get away from buying US-stuff like Intel or MS. ARM and PPC may both be a good alternative (starting point). If ARM alone will do the trick - fine.
KISS: It's better to have something simple and stable to build on.
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There is zero chance of that happening.
Is this really an Amiga forum?
AmigaOS once had the chance to become a world-OS and because of MS went wrong AmigaOS may have a second chance. I have absolutly no interest in a hobby-OS for a bunch of loonies - AmigaOS has to become a chief-OS or it can get lost.