It was a business decision. They could make it happen in new gen consoles, but we don't know the player base on consoles, if I had to bed, it's low and there is no business case to make them to continues.Looks at @denispage 's thread on the subject, it makes sense, and I give him the benefit of the doubt, at least, he doesn't seem to be purposefully trying to mislead anyone. i mean if he's wrong about something, I'd tack that up to an honest mistake not some attempt to lie.
Actually it's even worse than that, Fdev no longer considers developing games, as a profit center, this is why Braben is trying to make the company into a publisher because that will generate more profit for the company than anything else. I mean look how EA exploded, say what you want about their business practices but them going from developer to publisher allowed them to explode in size. And sadly, this is the path Braben has his company on, he wants to publish to make the money, and game development becomes simply a side project at that point, that only really costs money but allows the company to make games on occasion and still call it self a Game Developer.
It's sad for the consoles players, but it's better for the product ELITE.
Now, they can focus and release more and more content.
Let's see.