I love how all the newbies who jumped on the Apple bandwagon after the switch to Intel chips are so nonchalant about this topic and think they can tell us old timer power users to buck up and just accept it.
I love how a bunch of people without inside knowledge work themselves into a lather about Apple screwing them over a year from now based on a single screenshot of a developer preview.
I'm not covered by an NDA so I have absolutely no idea what Apple's going to do. For all anyone not covered by an NDA knows, Apple's decided the best way to support PPC users is to back port selected fixes and enhancements from 10.6 to 10.5.x. Here's all that Apple's promised to be in Snow Leopard:
Exchange Support: Apple's enterprise market share was virtually non-existant in the PowerPC era. It's unlikely this is a big issue for people with iMac G5s and PowerBook G4s.
Grand Central: Until we see more of what Apple's talking about here, I'm skeptical this will be anything more than finally fixing their scheduler to correctly handle more than four cores and providing developer API support for NUMA in the 2009 Mac Pros. At most this will be of interest to the quad PowerMac G5 owners which already was a small subset of the PowerMac owners. The people who need the power have already moved on, or will by a year from now.
64-bit (i.e. up to 16TB): Mac OS X has handled the 16GB limit on the PowerMac G5s just fine in Tiger and Leopard.
QuickTime X: This could be back ported.
Safari 4: This could be back ported.
OpenCL: There have been rumors this would require a graphics card with uniform shaders in order to work, otherwise it would be emulated in software. If that's true, the AltiVec library on the G4/G5 would be better because no PowerMacs were shipped with video cards having unified shaders.
Stability Improvements: Who says Apple's going to stop updating Leopard? They haven't stopped updating Tiger.
Apple's going to want to keep maintaining Leopard and seriously consider back porting at least Safari 4 because not even all Intel owners will jump to 10.6 just as there are lots of people still using 10.4.