Step 1: Concept
Angle $\theta$ is obtuse if $\cos \theta < 0$, which implies $\vec{a} \cdot \vec{b} < 0$.
Step 2: Analysis
$\vec{a} \cdot \vec{b} = (2x^2)(7) + (4x)(-2) + (1)(x) = 14x^2 - 8x + x = 14x^2 - 7x$.
Step 3: Calculation
$14x^2 - 7x < 0 \implies 7x(2x - 1) < 0$.
The roots are $x=0$ and $x=1/2$.
Using the interval method, the expression is negative for $x \in (0, 1/2)$.
Step 4: Conclusion
Hence, $0 < x < 1/2$.
Final Answer: (C)