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PearPC will face challenges, as Mac emulation is a tricky niche to fill. Most Mac-specific applications require hefty horsepower to do video editing, graphic manipulation and desktop publishing. While the Mac OS X's use of advanced graphical functions to display the GUI isn't a problem for modern PPC chips, it can be rough on emulators.
Many Mac users have shown a clear need for emulators. VirtualPC is sufficient to run simple Win32 custom applications, Internet Explorer and Web services at respectable speeds.
PearPC could be handy for software developers doing quick and dirty Mac testing and compiling, with a full QA done later. But if you need to do real Mac work, buy a cheap, used Apple G3 desktop, first-generation iMac or laptop capable of running OS X.
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