It is possible in Terms of technical possibilites, but in Terms of costs i would not bet on it.
There may be a slow Transition from a pure rasterizer to a more elegant compute chip.
But Keep in mind that some of the 3D-functionalities, are still a good choice for HPC too (e.g. the TAU/TFU). What you can strike with a red pencil is definitly the UVD, Display-scanout, ROPs (not 100% sure about that, but i haven't seen any Code using that), some Things on the frontend...
ps: sorry for small and big letters, my MS Edge Browser sets them to high or low automatically X-D