1980s microcomputer history is full of companies that started strong but blundered and died off. A lot of these stories manifest as canceled products, like the Commodore 65: https://en.wikipedia.org/wiki/Commodore_65
It would have been a very Apple IIGS-like last hurrah for their 8-bit line, with advanced graphics modes and a GUI. The possibilities of these kinds of generation-ending machines are always kind of tantalizing to me, like a venerable system's final boss form. The Coolest C64 Possible, never to be.