Funny you should mention performance.
Most of the added PhysX effects in fact REDUCE performance. So while having a graphics card to offload PhysX stuff onto means that more physics can be run, the added physics actually reduces overall game performance in the majority of cases, while only adding nice graphics.
OMG

STOP THE PRESS!!!
More features, mean more caculations...how would have THOUGHT!!!
(But try calcualting all that on the CPU...*hint-hint*)
So does AA, AF and higher resolution.
But since you are not agaisnt those things, I can only presume we are dealing with the sour grapes syndrome.
A has something.
B dosn't have something.
B wants to have something.
Fan of B disses product from A...beacuse of sour grapes.
Until B gets something.
Then all is fine and dandy.
Maybe in games without added PhysX effects there is the opportunity for improved performance, but for the most part the touted added effects in games like Mirror's Edge result in reduced performance.
No matter how you slice and dice it, this is the bottom line:
The world is ruled by physics.
Games tend to mimick the real world.
We have gotten quite good at making pretty dead world worlds.
Next step is to get more physcis involved.
And not the Battlefield: Bad Company fake physics that seems to impress consoleplayers...but more REALISTIC (aka not scripted) "destruction" physcis.
NVIDIA realizes this...and aqquired AGEIA.
Intel realizes this...and thus got Havok.
AMD realizes this...and(well...the are pretty broke and couldn't buy them...) are working with Bullet Physcis.
You are telling me that PhysX is useless...I am telling you that as soon as AMD get on the playing field, people will change their arguments..and suddenly GPU-physics are the "COOOOOLZ!!!".
I migth even go through several posts, just to show how fanboys change their stance on this topic.
Thank you for inspring me
GPU-physics has not only come to stay....it's not even taken off yet.
(Even if people predicted it dead in 2006, 2007, 2008, 2009 and now in 2010..some people learn slow.)