I think if you're a customer of the
vendor (Andes? Nuclei?) that provided the basis of P, P matters a lot. Packed SIMD fills a slightly different niche than V, but there's certainly overlap.
IMO, much more interest in the industry is swirling around V. I don't think P is dying as much as it is 'paving the cowpaths' of existing art from that one vendor and, perhaps, making it more usable to others.
If shipping silicon and product inertia didn't exist and everyone got to the starting line and the finishing line at the same time, there probably wouldn't be two, but here we are. You can perceive this as either a bad thing (ack! fragmentation! different is bad) or a good thing (yay! Competing specs! and implementation choice!) but it's just a thing that RISC-V has at this point.
In just a couple of weeks at the RISC-V love-in in San Jose, I suspect we'll see a flurry of spec activity and press releases. Some of those will turn into shipping products that a commoner can actually buy.
RJL