GPU physX is not getting much traction.
It does not look good anyway from a visual point of view.
Neither of these points is true..
If anything, GPU PhysX is getting more traction, not less, with several big titles supporting it. Just this year there's Lords of the Fallen, Project C.A.R.S, Star Citizen. Next year there's Everquest Next, Witcher 3, Batman Arkham Knight..
AC Unity, Far Cry 4 and Watch Dogs are supposed to get PhysX patches post release like AC IV did as well.
Also Unreal Engine 4 has PhysX integrated, so we'll see tons of GPU PhysX games as UE4 gains steam with developers.