I'm not surprised. In line with some of the comments in the "How did S&W lose the LE market" thread in the main forum.
Poly frame pistols are probably the wave of the future for most manufacturers. Personally, I like the 3G semis, but I can see from a manufacturing and profit margin standpoint that poly frame pistols are a better bet.
Besides, it's probably more cost effective to use those fancy CNC machines to make slides and barrels than it is to machine steel or alloy frames.