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There was another option that you didn't mention - the FlyJacket for the 3xxx and 5xxx series of iPaqs.
To answer your question - I would assume it's a number of things - people are putting presentations on CDs or on the internet and then using equipment at the site for display.
Laptops have become a lot more powerful and some have shrunk in size and so they aren't the luggable beasts that might make someone really craze a PDA solution.
I have the FlyJacket and I've played with it a little bit - it could work in a pinch but it is really too limited in a lot of respects.
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