Is Hardware-Based Encryption Dead Yet?

DoomDoom writes: "OK, been checking out some of the h/w encryption stuff. Liked Intel's dual purpose card. But just wondering if this PA SEC 100 card has any purpose. I mean , this baby costs around $2k+ and will probably sit in a server with 2 or more CPUs (Pentium III or above). So why even bother with hardware encryption? I mean in the era of Pentium IV etc. powered servers, does it even make sense to have hardware based encryption cards?" Maybe another way to think of this question is "Are encryption-breaking schemes advancing faster than the processing power you're able to spare from your server's primary job?" If so, even a few thousand dollars may be a worthwhile investment. Any thoughts from those who've chosen (or avoided) in-hardware encryption?