At least you can run Linux on an LPAR (and these machines are ridiculously fast Linux boxes). I wonder how a couple racks of z15 systems would compare to performance-equivalent racks of commodity x86 servers. I suspect that, per watt and area, these machines can host a lot more VMs than commodity racks.
You can run z/VM under the LPAR and host multiple Linux images under it, or host Linux directly on the LPAR and use KVM to split it into smaller VMs. The penalty for CPU oversubscription seems relatively small with the almost a gigabyte of L4 cache in every processor drawer.
I'm not buying one (sadly it's a bit over my impulse buy threshold), but I'd love to play with one.
I rescued a Multiprise 3000 from a scrap metal dealer. It's seemingly impossible to get the OS/2 Warp software just to be able to bring the mainframe hardware up. I can't even get to the point where I might actually be able to use an OS.
I'm looking at you, IBM, and your restrictive z/OS licenses that prevent me from legally using anything newer than MVS 3.8j on Hercules.