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I think in the process of EA killing of a lot of developers people are getting a little blind-sided here.

Even though from what I know EA's justification for cancelling their other studios was more or less bullshit(I really only know about Bullfrog and Visceral, and even then we don't have the whole story), if EA closed Bioware it honestly would be deserved.

Bioware has many, many, many problems and at least half of them are about the studio and not the company that publishes their games. People have tried to brand every issue with any EA studio as a fault of EA, yet other developers like Respawn Entertainment are getting a huge amount of support and more post-launch marketing than most developers would get. EA might not be making better games but in some ways they're improving and if Bioware closed after Anthem failed? Sorry, that's on Bioware. Maybe their legacy would have been better under another publisher, but they're simply too inconsistent a company(and yes, I know they have different studios).