Well, I _do_ come from a DEC background :-) (PDP-11 then VAX then Alpha) and VMS is still a part of my day job; my embedded work is just a hobby.
When DEC moved from VAX to Alpha, it was regarded as a major leap forward and hence was highly welcome.
However, when Alpha was killed in favour of IA64, the general reaction was "Why ?" "What does this offer the VMS community over Alpha ?", etc.
There was some talk about how IA64 was the future and how it would scale better than Alpha, but many in the VMS community were unconvinced.
However, IA64 has lost one of the reasons for existing as the effective End Of Life (EOL) for VMS has recently been announced; HP has announced that VMS will not be ported to Poulson and that new sales of existing IA64 variants are currently planned to end at the end of 2015.
A copy of the letter to customers has been posted on a VMS forum here:
Standard support for VMS on existing servers will continue for a few more years (end of 2016 for Alpha; end of 2020 for IA64), but 2020 is been seen as the EOL for normal VMS systems.
Of course, HP didn't even have the integrity to announce the EOL _as_ a EOL; they just said that machines will be supported to a listed set of dates.
Simon.