I get the feeling that the real problem here are the IEEE specs themselves. They include a huge bunch of restrictions that each individually aren't relevant to something like 99.9% of floating point code, and probably even in aggregate not a single one is relevant to a large majority of code segments out in the wild. That doesn't mean they're not important - but some of these features should have been locally opt-in, not opt out. And at the very least, standards need to evolve to support hardware realities of today.
Not being able to auto-vectorize seems like a pretty critical bug given hardware trends that have been going on for decades now; on the other hand sacrificing platform-independent determinism isn't a trivial cost to pay either.
I'm not familiar with the details of OpenCL and CUDA on this front - do they have some way to guarrantee a specific order-of-operations such that code always has a predictable result on all platforms and nevertheless parallelizes well on a GPU?