Which I imagine still has lots of value on it's own for large, complicated data sets.
I'd actually like to give Watson a spin for an IR problem I'm looking at, but, thanks to their hype machine being set to overdrive, they've got the thing priced in the "The Bold Leaders of the Future Creating a Bright New Tomorrow Full of People in Glasses Staring Wistfully Toward the Right Edge of the Photograph, While Blue Curvy Streaks Wave Through the Background and Random Zeroes and Ones Float Around Their Heads" tier. Sadly, I've only got a "businesses solving business problems" sized budget.
AI is not simply things that a computer can't do yet. But I think most of people who aren't currently trying to sell a piece of software would expect AI to include some things that you don't need to do to play Jeopardy. I'd want to see general-purpose pattern recognition, for example.
Watson is a $@#% amazing information retrieval system. Information retrieval is only a small part of what people think of when they think, "AI".