Because Fileplanet pays through the nose to get the exclusively distribution rights of the betas and Cryptic wants the dough. It's just business, nothing personal, though I think it blows donkey balls, myself.
I would think since the state is bankrupt that they might have bigger fish to fry than video games, especially since so many game studios are in CA. Does CA really need less business revenue to squander?
No, it's "new" in the sense SOE is trying to pass off the same scenes they showed a year ago, but in a different order, as "new". This same video has popped up on a few other sites and touted as "new".
I hope for an Ultima Online 2, using the same core ideas from the original release - skill based, open/sand box world - but with all the modern capabilities of a 3d virtual world. I think there's room for that in the MMORPG genre.