serpicolugnut
OS X Supreme Being
The PowerPC began life as the single-chip version of the POWER chipset. POWER was and is 64-bit. With the PPC 970, the PowerPC is returning to its roots. It won't have to emulate anything. By your logic, the G1 through G4 emulated 32-bit.
Yes, emulation is not necessary... But without any specific recoding to take advantage of the new 64-bit chip, the OS/software won't benefit from the new improved CPU. In some cases, it might actually run a bit slower. Of course, if Apple makes use of the new Hypertransport bus as expected, this would probably offset any temporary speed deficits due to not having 64-bit clean OS/software.
You clearly don't understand how the original PPC emulated 680x0 code. Apple wrote a 680x0 emulator which it added to the Toolbox ROM. Until the advent of the NewWorld Macs, the 680x0 was emulated in firmware. With the advent of the NewWorld Macs and ROM in RAM, Apple replaced the Toolbox ROM with a ROM file. NewWorld Macs emulate the 680x0 in software.
You clearly don't understand the expression "sort-of". The comparison wasn't a technical one of specifics, but of generalities.
When Apple first moved to PPC, none of the software or the OS was optimized for it. All of the 68K code had to be processed through an emulator, which was transparently included in the OS. The first generation high end PPC Mac (8100), while a fast machine, initially was hobbled by these lack of optimizations. When compared to the Quadra840AV which the 8100 replaced, the 8100 usually came out slower in most tests (Photoshop especially). Once more of the OS and the applications dumped the 68K code and replaced it with PPC code, the situation was reversed - the 8100 ending up besting the 840AV in most tests. Unfortunately, it took Adobe over a year to update Photoshop to take advantage of PPC, and it took Apple even longer to remove all the 68K code from the OS (System 9 was the first version to be almost 68K code free).
If the 970 debuts before Panther does, you can expect it to be comparitively hobbled by an OS (10.2) that is not tuned for a 64-bit CPU, and even more so from applications that are not as well.
The situation is similar in that Apple will have released next generation hardware before it could get the next generation software out the door.