The average person who just wants to automate filling out your website form is still blocked, so it's not useless.
There is some recent research that suggests you can make images which are very hard for neural networks to identify, but still easy for humans.
Here is an example: http://i.imgur.com/K6AQRkV.png The digits on the right are just slightly changed to be harder for NNs to recognize.
For comparison, this is the amount of random noise needed to have the same effect as their method: http://i.imgur.com/Asnf2L8.png
They are reasonably successful because spammers have enough other targets that not many see it as worth the extra effort (and clock cycles) to break them, not because most of them are particularly hard to beat any more.