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vinceASPECT: I wasn't sure if the board was damaged (It IS a rework item - the mounting lugs for both M.2 sockets are missing and the primary capacitor has a chip out of it) but after today I'm reasonably certain it's not the board causing the warm boot hiccups, but more likely u_boot failing.
The eMMC board arrived today - once installed, the installation of Ubuntu from the SD card to the eMMC took only a matter of minutes, rebooted a handful of times on its own and SO FAR it hasn't acted up even once booting from the MMC. (Mind you, we tried numerous Micro-SD cards from different brands and they all acted in the same manner, so I'm leaning toward a boot loader that's flaky on SD boot.
Ubuntu Noble image comes with Chromium pre-installed, I updated APT and installed a few low-end items, compiler, even Samba - but not much in relation to the desktop breed. (I don't use a general desktop too often and "startx" when I do need to

)
REPO: It's a third party repository I haven't created an image for yet (we're still deciding whether or not to port OPi) but did speak with someone overseas last night hinting "...if you want to lend a hand in the porting process..." so we'll see if OPi's crew joins in the fun! (The board I received is, in fact, physically damaged but I have a replacement due to arrive tomorrow from a US supplier - once that gets here we'll see if OPiRV2 can handle being turned into a 6-drive RAID NAS

If so, I'll order one or two more for further experimentation and we'll dig further.)
As for onboard memory/storage... there's a mere 16MB SPI flash onboard for the boot loader and settings - nothing more. Even the 16MB is broken into five or six partitions making it otherwise useless to the outside world. There's a 3-pin ICP connection next to the DC-in (I'm assuming serial i/o for low-level editing/programming/flashing) but documentation is limited, so if that specific SPI can be accessed through the operating system - I haven't found it yet. Not that I've spent a great deal of time at this point!
Overall: Assuming tomorrow's board arrives unscathed, and assuming it has the same warm-boot problems this one had, the board's u_boot and operating system are both flagged as
Beta - so issues are bound to surface... but considering the price tag along with the onboard components, this 8-Core/Thread unit @ 1.6GHz runs circles around RPi2 when it first released at $30ea... The RPi5 has a faster
engine @ 2.4GHz, but half as many
pistons. RPi5 also has dual-head GPU option and an integrated GPU; whereas the OPi is lacking in the GPU arena from what I read - especially support for it. When you add the M.2 ports and eMMC port, the scales get tipped well toward the OPi.
CPU Cooling... is a must on the OPi. At least on the one I have here already. After installing the MMC chip I watched as the system flashed itself onto it, which brought CPU temp up to 69°C just copying files. I have copper heat-sinks arriving tomorrow BUT if you use the 2230 M.2 port, you cannot put a sink on the RAM chip - which does tend to get a little toasty. There are no holes where an active cooler could be mounted, so designing is going to take some time - but thus far it looks as though thermal glue is going to be a necessity.
Once the new board is in place I'll load up a desktop and see about Gimp - maybe edit the boot loader screen to be a little more aesthetic, and get back to you on the results.
HOWEVER, their most recent Gimp is 2.8.16 from the looks of it.
https://repo.huaweicloud.com/ubuntu-ports/pool/main/ but again, I haven't dug too deeply yet.
Cheers!