Honestly, the two things that set the Amiga apart from the competition was its' OS and customized hardware. Yea sure, other computers at that time used the same 68000 CPU like the Amiga did, but the Mac and the ST never had the Amiga's amazing graphical and sound capabilities.
In a certain kind of twisted way, I'm glad that the Amiga never went the modern day route of Apple. Even if Commodore was somehow able to stay afloat after 1994, they would eventually fuck up somewhere, and destroy the Amiga as a whole; or they would release a much more superior and cheaper version of their own MP3 Player, and give it the same fate as the Amiga did.
Bad business is still bad business, no matter how good their products may be.