You are right, in the sense that it is no longer needed. You can achieve incredible results with simple tools like luminosity masks in PS and a few exposures.
Now, personally, I think ND have several advantages:
1- they will cut the time spent post processing your files (I shoot with a 5DsR and files are big enough to make you want to stick to basic adjustments only)
2- they make you stop and think about your composition. It is such a pain to take your filter holder out of the pouch, mount it, choose the right filter, clean the sucker, adjust the horizon line, clean the sucker again... that you tend to really think beforehand.
They do not come cheap, and are a pain to use and carry, but for some (especially young guys like me), they are a good way to stick to traditional methods of image capture, which I find slightly more satisfying than simple optimum data acquisition.
Cheers,
Felix