DSPs (which have great perf/watt for the numerical algorithms you mention) have used VLIW for decades, so of course there is a place for it. GPUs have moved in for all of those operations at this point though. The bet with Itanium was that compilers could be made sufficiently smart to make VLIW work for non-numeric workloads, and that bet failed to pay off. Intel and HP had hundreds of smart people trying to solve the "software problem" of Itanium and they did not succeed.
> I think it's a shame Itanium failed, and I think it failed for the wrong reasons. At the time, I remember everyone criticizing it for not running legacy x86 applications very well. As though word processor, spreadsheet, and presentation software wasn't fast enough. Saying legacy apps in existing languages don't make it easy to find the ILP seems like a slight generalization of that.
Desktop applications is a red-herring given that Itanium was targeted primarily at the workstation and server market. There was also a bad-timing issue as it was at about the same time that PC hardware was displacing dedicated workstations and server hardware.