Is Overclocking dead?

[Jason]

Today's CPu's and GPU's are so powerful that one might argue that overclocking is no longer needed. Increasingly the applications that are released are taking advantage of specific features of GPU's and CPu's such that they will not run as well on older components even if overclocked. Overclocking current GPU's and CPU's returns less performance than it has in the past due to not only the technology but also the fact that these older GPU's and CPU's may not have built in support for the important features. Does this mean that there is no sense in overclocking cpu's and GPU's?