The software is already written.
Yes it's already written. Use a kernel with the code still there. It's not like your 486 will have any application that requires the latest kernel, if your system even manages to boot at all.
The problem with written code is that if it remains "supported" it places a burden on all other code changes made to the product. Someone needs to do regression testing to make sure it's not broken. Someone needs to do security auditing and potential bug fixing. And above all, these are not reasonable requirements for hardware that old. Hence "not supported" means "not supported" i.e. the programmer won't or in some cases actually can't support it.
Software is not hardware, you can run old software. It's still there. It's not like the network switch example above.
and even 486 could go beyond 64M of RAM.
Could and Did are two distinct words in the English language. Very few 486 machines ever existed with more than 64MB of RAM. They were for insanely niche applications. Now we change the debate from do we support what is today an incredibly rare architecture, to do we support what is today an incredibly rare architecture for the purpose of a niche that almost certainly doesn't exist anymore on that platform?
We can keep going down this rabbit hole of "but it did support", only to find there's a single machine on the planet that actually had that hardware config, and Bob hasn't used that machine in decades.
Almost all IoT devices work by phoning home. They call some remote server, and do some API stuff, send some message poll for new messages / instructions. They tend to have very little if anything listening.
Are you talking about professional well made IoT devices designed for corporate management? Because holy shit are you wrong about general consumer IoT devices doing no listening. There's a reason for the running joke that the S in IoT stands for security.
In fact much of the community driven IoT interfaces for tinkerers rely on the fact that someone has hacked a device almost universally via an active open listening port to force it to work with something other than it's Cloud service.
Your best beat at security: Isolate them on your network and firewall your inbound connections.
From the most current OS/2 release:
"Hardware Requirements
Intel Pentium Pro or higher, or an AMD Athlon or higher. 64 Bit CPUs are supported (however ArcaOS will run in 32-bit mode). Computers with ARM CPUs are not supported. Apple Computers are not supported (regardless of CPU). The Vortex86 CPU is not sufficiently compatible to run ArcaOS and is not supported."
i.e. minimum hardware requirements are a 686 instruction set.
Linux isn't suitable as a real-time OS now either strictly speaking. In fact that one of the top hits from a search on Linux RTOS is a paper from NASA (from a comparatively recent 2019) discussing the performance of Linux with every RTOS relevant kernel feature set into the most ideal position. Their conclusion was... well you probably will hit your event deadline if you throw fast enough hardware at it, but it is still nothing like a true RTOS.
What changed is everything around the physics.
You almost figured it out. It's almost like when we use a completely different vehicle where everything including all technology inside is different that you want to test things slowly before jumping feet first down on the moon.
..the secret nazi moon base with space nazi's?
No, this is the first in the missions for the Orange Nazi to build his moon base.
Indeed. Major oil trades consistently less than one minute before some other blather Rump releases obviously designed to move markets? Nope, nothing fishy here, just business as usual. . .
I have no idea if people experiment with mushrooms and ayahuasca simultaneously.
As a rule, no, in part because they grow in two entirely different environments, plus ayahuasca doesn't keep well. I can't really imagine the cross-effects, but it would be weird. Psilocybin tends to be best when done alone, especially when surrounded by nature. Ayahuasca on the other hand is almost always done in groups, where it can generate hallucinations experienced by the entire group at once (which is weird to even contemplate).
Many people are unenthusiastic about your work.