Been thinking a lot about this and what is actually taking place here. A few things we do know is the license was bought 6 years ago, came due and wasn't renewed. We don't know exactly why but we are given a pretty strong clue of when they decided this which was some time ago. Reign and Reverie looks like a half a data cycle pooled together into a deluxe expansion stamped with the omega symbol signifying the end of the game. They announced this back in early March and with type setting and all, this must have happen well before then. The timing of the public announcement has more to do with either distributors finding out due to no more stock of netrunner being offered or something appearing in a quarterly report which would tip people off netrunner was over.
So the reason is why, and that reason is always money. The idea that Wizard will out of the blue start making something other than Magic, more Magic and way too much Magic doesn't sound correct nor does the notation that they hate money and refused to cash FFG's check. So it comes down to what exactly was FFG paying for? FFG owns Android which has all the corp names, runners, ICE, all the lore, all the art so no, they aren't paying for that. Game mechanics? Well Netrunner came out in 1996. It is possible they patented the game mechanics but patents only last 20 years, so 6 years ago maybe they need a licensing agreement, but not now. So what exact would they license? The name netrunner? A few copyrighted terms like click? Would FFG or more so Asmodee pay money to call an action a click? All the value is in Android at this point, not netrunner, which as far as I can tell doesn't have much left in it beside a few copyrighted yet easy to change terms. Wizards doesn't have anything to build a game on, FFG does. So what exactly is FFG paying for and why would they ever give perfectly good money to Wizards when they don't have to?
They certainly acted as if they would get an extension on the license but then again, companies act like that even when they know they won't. They like to keep their employees in the dark so they don't get scared and get another job and they sure in **** don't want their customers finding out so they keep buying, hence all the damage control when this was announced. Renewing may never have been in the plans, or if they were going to renew, it would have to be a rather small check to write. At this point FFG knows from L5R a new LCG will sell good. So there isn't any down side to them making a new LCG based on the Android IP and in fact, a reboot may sell even better than a revised core.
So the real question I guess is why would FFG pay Wizards anything?
While I am not happy Netrunner is lost, I'm actually excite about the future. Michael Boggs has proven himself more than a competent developer by righting the sinking netrunner ship. I am sure they are keeping him around and hopefully have him working on the next Android LCG be it an asymmetrical competitive game or a co-op game. I am hoping for both and there is nothing that I can see that is standing in the way of this. Wizards really doesn't have anything of value and they are out of the picture now.