Itanium was an excellent idea that needed some continued persistence. It is was a bit too early for its time.
"Compilers just need to keep up" was Intel's marketing apologia, not reality.
You have to admit though that the EPIC (Explicitly Parallel Instruction Computing) model was quite innovative. The philosophy influenced the LLVM project and some of the principles are used in GPU's and AI accelerator chips, even if hardware-based dynamic scheduling won the game.