Adapted from a convo with Persivore:
AFAIK it was used for the RS232/serial voltage levels but there's probably other stuff its used for too
It cant be 100% obsolete or the latest ATX revisions wouldnt have it although... too many mobos still have serial ports, it might just be for legacy stuff
I would have thought they would use a charge pump to generate the negetive voltage now anyway- a charge pump built into the motherboards serial output
it looks like there's a pin for -12v on the PCI connector so its probably for legacy stuff. There's no -5v on there tho which might explain why thats been removed from most PSU's
Is there a fail-safe built in to cause a strop if its not connected? : don't know...the hardware monitor might complain, but I wouldn't think anything else would mind, unless its used somewhere on the board
Hope that makes some sense.
Thanks Tom!
Kenny