Thanks, Bill - that is high praise indeed.
I've had a number of rather sad-looking pseudobulbs actually produce a new growth, although because the backbulb is already quite diminished they are slow-growing. Others that have a large, healthy backbulb really take off and can put out multiple new growths in their second year. As long as the backbulb is firm and solid (not squishy or flat), then there is a chance for it.