Here's a news article i missed that was very interesting:
Overclock3D :: Article :: Lucid Chips on Graphics Cards? :: Rumour Mill in Overdrive
Says here that the hydra chip could be well on it's way on being embedded on upcoming gpus. In fact, the ATI 6000 series is rumored to have it.
This is a big leap in popularizing the technology since you would no longer need to rely on a lucid hydra capable motherboard.
The makers of lucid hydra state that there is virtually no performance loss on their upcoming chip but i can't help but be very skeptical. We'll have to see the tests and benchmarks