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1. Convenience don't have to dig up an old console and controller if you have a sudden desire for an old game.
2. Systems break, so a five year old system may not be best
3. You can then sell the old system to defray the cost.
4. Hand me down systems are great for families.
5. Limited HDMI ports.
6. People may not have the older system.
7. Clutter. Some of us live in small apartments and a little space goes a long way.

Lots of reasons. I don't particularly mind that the PS4/XBone aren't backwards compatible, but the fact that the controllers aren't BC is ridiculous. I can't think of a real reason for them not to be aside from it being in Sony and MS's best interest.