woah.. obsolete? I dont think so. There's a huge following of H-series right now, at least for the hardcore racers. More and more street and race cars are using the H-series for all motor applications. The H-series is a good platform that can make an easy 300hp and prices arent bad for H blocks and heads.
RIght now, we are doing 3 H-street/race motors. high compression, custom aluminum rods, big bore sleeved blocks, square ported heads, and more. And i'm seeing more and more out there from other fellow engine builders.
There's a revival of the H-series with the new Transmission adapter plates that are coming out soon. The H to D tranny is being used now and the H to B tranny is coming out end of this year. It totally gives a new life to the H-series with better gearing than the stock H22 gears.