Have I officially put the "fail" in phaeleonopsis?

[TheOkieOrchidNewbie]

I got my first orchid in early March. It was double stemmed but I only had two blooms on each stalk before I experienced bud blast. When the blooms fell off in May, I cut back the stalks and have been dutifully adding one ice cube a week.

Since then, there has been no notable change in the roots and the leaves have remained a healthy color of green.

However, just today, nearly 6 months after cutting back my phaeleonopsis, I notices that the two lowest-level leaves have yellows and softened to the touch. I also notices that I have roots poking through the base of the leaves.

Is it time to admit defeat on this orchid? Or is there yet life to live? Please advise!