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I agree with your reasons.

Also, GPUs might be a better match for the kinds of codes people care about. The world didn't need arbitrary bit-level computations except in rare cases, it needed insane memory bandwidth and high floating point throughput (exactly what a photoshop filter would need). The generality of most FPGAs mean they're not great for standard circuits that can be optimized. Maybe this means the FPGA market might see some success with a different trade-off of flexibility vs fixed hardware. The rise of FPGAs like the Zynq with dedicated processors or distributed RAM and DSP units is already happening.



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