In which case i'm glad I didn't fold and buy one. Its a good thing for Nvidia that they jumped at the opportunity before the above destroyed the reputation for "PhysX"
They only became obsolete because NVidia bought the company.
nvidia stopped developing the cards, and incorporated the tech into their own cards. If they had continued developing the separate physx cards, those cards would have kept apace with the technology and would still be viable. So there'd never have been a moment where the cards "lagging destroyed the reputation" of physx.
I'd argue NVidia buying the tech has done a pretty good job of that. It's not pretty much a joke, only useful for things that don't affect game play in any way. It can look nice, but it's a pathetic shadow of what it could have been if it had been vendor-neutral.