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Texas has a bit of a history of studios dying - Origin (bought and sent to die by EA), Ultima/Lord British Games (bought and sent to die by EA, then there's a few underground casual devs there that have been having a hard time in recent years in the DFW area.

So, there might be a bit of a stigma against moving to TX, despite id being there, which is now bought out by Zenimax, right?

As for why Cali, its just where E3 and GDC are, but moreso the Silicon Valley from which the game industry emerged. Would be my guess. Our studio is in NJ, as is SNK.