It amazes me that people are working on model 3 emulation (Supermodel) when we havent even perfected model2 yet.

Let's see, (from
system16.com)
Model 3:
Main CPU : 32bits RISC PowerPC 603 66Mhz
Graphics Chip : 2 x Lockheed Martin Real3D/PRO-1000
Sound CPU : 16bits 68EC000 11.3Mhz
Sound chip : Yamaha SCSP/YMF-292F/"LAKE" FH1 128-step DSP x 2
Model 2:
Main CPU : Intel i960-KB @ 25 MHz 32bits RISC
Graphics Co-Processor : Fujitsu TGP MB86234 FPU 32bits 16M flops
Sound CPU : 16bits 68000 @ 10Mhz
Sound chip : 2 x Custom 28 channel PCM chips
You're right, since sooooooo much is the same between model 2 & 3, people should wait until model 2 is finished before going on to model 3.