If it's still working on your system (which is pretty modern) there's no real reason to get rid of it. I have one and I keep it for my old system and/or if I want some extra channels. The ADAT/Optical in would allow you to connect an external pre amp unit (like a Focusrite Octopre) or another interface provided the extra unit has an optical out. Also the Layla has an optical out on to of the optical in so if you got a more modern interface that has an optical in (I'm not sure if the Fast Track has optical in) then you could use the Layla as the expansion unit and get some extra channels. Going either way ADAT/Optical connectors give you and extra 4 channels at 96khz or 8 extra channels at 48khz if the master unit has that many channels set aside for ADAT connections on top of it's regular inputs/outputs. For example my Focusrite 18i6 has 8 analogue inputs and an ADAT/optical in (no output though unfortunately). In theory if I connected the Layla up to the 18i6 I would all of a sudden have a 48khz 16 channel or 96khz 12 channel studio which is nice if I ever want to record a full band with a fully mic'd drum kit.
That doesn't take into account the extra spdif connector either.
What I don't understand is the Phantom Power issue. Mine has phantom power on the multi ins which is pretty standard for an interface. Does your not have this? The only interfaces I see with PP on all channels are rather costly. If that is what you are looking for though you can get a really nice Focusrite unit for under a grand which can be expanded to even more channels with an Octo pre.
Two other reasons I'm going to hang on to my Layla is the 18i6 only has two analogue outs for the monitors where as the Layla has 8. So if I want to run multiple outs to a board or something I can. The other reason is the resale value isn't very high. I paid over $500 for mine about 8 years ago and the most I see them selling for now is about $200. Usually less. Not nearly enough money to warrant losing all that extra functionality.
There are still MOBOs on the market with PCI but you have to make sure that the legacy PCI slot is Native not Bridged support otherwise the data is being handled by the PCIe chipset which can choke things up... which is why I ended up buying a new interface.
Cheers.