€589 though! That's a very expensive toy.

It's downright affordable compared to what it's mimicking. A decked-out A1200 setup with 060 accelerator and RTG graphics etc is easily $2000 or more, and that would still be a lot slower and less capable than the Vampire.

The Vampire is made for a niche of a niche and it's priced accordingly, because building small-run hardware is expensive. If you don't care for the last 1% of accuracy that an FPGA affords compared to an emulator, then you are not the target market, and a Raspberry Pi 4 will make a fine virtual Amiga using something like Amibian.