Yes, most pbulbs, and not just on Oncidiums, will wrinkle somewhat with age. But severe shriveling of the pbulbs can mean the plant was severely underwatered, or roots rotted due to overwatering. It has been my experience that the shriveled pbulbs do not re-plump, but new growth should be fine with proper care. Of course the pbulbs store water and nutrition for the plant, and when the pbulbs are severely shriveled it means they have been supporting the plant and keeping it alive til new growth and roots appear. That's probably why I find Onc and Catt (plants with pbulbs) easier to grow than Phal (no pbulb)
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