I’m only 39, really thought this was something reserved for the news on my hospital tv deathbed.
'Watson' was amazing branding that they managed to push with this publicity stunt, but nothing generally useful came out of it as far as I know.
(I've worked with 'Watson' products in the past and any implementation took a lot of manual effort.)
The Watson that ended up being sold is a brand, nothing more, nothing less. It's the tools they used to build the thing that won Jeopardy, but not that thing. And yes, you're right that they managed to sell Watson branded products, I worked on implementing them in some places. Some were useless, some were pretty useful and cool. All of them were completely different products sold under the Watson brand and often had nothing in common with the thing that won Jeopardy, except for the name.
So there was at least some technical advancement mixed in with all the VC money between 2011 and today - it's not all just tossing dollars around. (Though of course we can't ignore that all this scaling of transformers did cost a ton of money).