I played around making a TTA-ish thing as part of learning Verilog some years ago. It's a neat idea: https://github.com/rdaum/simple_tta

Exactly, it's easier than developing a CPU the normal way and offers the possibility of making something that has unique capabilities as opposed to the mostly boring option of revisiting the Z-80 [1] or the near certainty of getting bogged down trying to implement a modern high performance CPU and getting pipelining, superscalar and all that to work.

[1] with the caveat that extending that kind of chip to support a larger address space and simple memory protection is interesting to me