It's a never-ending arms race. CAPTCHA services are improving just as the attackers are. Just because they're not 100% accurate or effective doesn't mean they're worthless. They're just the first line of defense.
Just don't forget the scale doesn't stop at zero. They can be less than worthless and cost you actual humans visiting your site.
Just don't forget the scale doesn't stop at zero. They can be less than worthless and cost you actual humans visiting your site.