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It should be obvious to most people that the return on investment for MGS4 sucked in comparison to last gen. This is why the videogame industry is consolidating like crazy.

Think about this. MGS4 sales currently at 2.7 mil. Sales likely top out similar or slightly lower than the other MGS series:

MGS3: 3.99 mil
MGS2: 5.57 mil
MGS: 5.59 mil

Now consider that they're selling almost the same amount as they used to sell and therefore revenues will be about the same.

But development costs have increased by $50-75 million. How can you justify same revenue but 3x development cost? Answer: You can't.