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I think it's because it adds very little to traditional gaming and the transitional audience that bought the Wii in droves are gaming on other devices now.
Look at Kinect, for instance, when MS announced that Kinect was now mandatory, I said that this was a huge mistake and that it would remain an interface tool at best and not add anything to the overall gaming experience on the console. That's exactly what happened; motion controls are not fit for traditional gaming and as such are more or less extinct through sheer logic.