The bigger problem is most modern ISAs just aren't very nice to program in. Modern takes like SVE/RVV/AVX-512 are all way better here and much easier to write and think about because their instructions are much more general and have fewer edge cases.
> And it also takes a lot of space on your cpu die. Like, A LOT.
No, it doesn't (what would even be the "right" amount of die space?) But even if it did that would not make it a waste of space. Using up some amount of die space may result in huge performance gains for some subset of floating-point tasks that can't be achieved in any other way. For example software cryptography massively relies on these units, because the benefit is like multiple orders of magnitude; even if that's taking up 10% of die space for only 0.1% of software, that software has disproportionate impact -- if you took away that functional unit, then you may have a huge net decrease in efficiency overall, meaning you need more overall processors to handle the same workload from before.