Could memory protection be introduced - with a sandboxing for the classic Amiga stuff?
Anything is possible. The better question is perhaps whether anybody is actively working on this and how soon this might become available to end users.
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else the whole exercise is pointless...
An overwhelming amount of popular human activities are pointless.
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I thought thats what AROS was - an Amiga OS compatible api, running in a sandbox + some enhancements?
Given your note about AROS becoming a mobile phone OS in another discussion thread, you might want to read up a bit more on what AROS really is.