Although it was a great solution to the LCD viewing angle problem, it had two problems of its own. The first is that the maker, AlliedSignal, had problems actually manufacturing the product. The second, and more compelling issue was that it was a cost adder. It was being developed at the same time as IPS technology which fixed the problem in the LCD with no additional layers or costs.
Examining the diagram, there is another advantage that SpectraVue had, though it did not count for much at the time. The surface is virtually all blackfill. It adds inherently better sunlight viewability withoug significant loss of display aperture. As IPS development was the reconsideration of an old solution, as I note in my previous post, reconsidering the LCD optical stack might be in order for the digital signage market.