eCos might be a more worthy porting target. For starters, there's already a 68k port, albeit for later embedded 68ks, and it is currently developed, supported, and deployed.
http://en.wikipedia.org/wiki/ECos
Course, you could just stick a IIe PDS card into a Mac and run Contiki on that :rambo:
http://en.wikipedia.org/wiki/ECos
eCos Porting Guide
The only M68k port I can find is for the Coldfire. As I understand it from others' comments here, the Coldfire ISA is a subset of that for 680x0s, so my very rough guess is that a backport would be feasible. There would probably be a lot of custom coding involved to get peripheral device support (ethernet, serial, video, SCSI etc)
Course, you could just stick a IIe PDS card into a Mac and run Contiki on that :rambo: