The biggest answer to the question is "product segmentation" and will continue to be. The cameras must not replace the higher end DSLRs in the critical features - focus speed, lens sharpness, range, ISO performance, shutter range, focal length, etc. Sure there will be models that are good in _some_ of these, but not all.
"Back in the day", there were two kinds of specialty digital camera - the "prosumer" and the super-zoom. Super zooms (like the various UZ models from Olympus) were few and far between. Now it seems that the prosumer and super zoom worlds are merging. Unfortunately, the result is much more "user" and less "pro".
The ultimate prosumer was the Sony R1. It had a DSLR sensor (APS) and was a great camera, but only went to 120mm equiv.
Then the Olympus C8080 came out which out with 140mm equiv. The UZ models were about but the noise made them very difficult to use and were a specialty item, IMHO.
Then the DSLR explosion caused the prosumer models to fall off the face of the earth. Only in the last couple years , it seems, has there been a trend toward better, all in one cameras. There are exceptions but I think that's a good assessment. It seems now that the DSLR market is somewhat saturated, the manufacturers have to keep generating demand, while at the same time not cutting their own throat.
So a superzoom with better sensor? What is a better sensor? Larger? Then the lens gets larger for the same 35mm equivalent range - more expensive, heavier, may be too much of a niche product. Higher resolution or ISO performance? With a chip smaller than the size of one's pinky nail, we must be hitting the limits of quantum physics or getting close to it. How much more can we improve it?
It's striking that Fuji is having mixed success with the HS10. They really did it right with the legendary F30 series with the only major flaw being lens chromatic aberration. They have a track record of creating a high resolution camera with incredible image quality and great high ISO. The new model has at least a stop or two advantage over the Panasonic FZ 28/38 it appears but lens sharpness, speed and excessive noise reduction are leading to the appearance of a wash. I hope they can fix some of the issues with a firmware update. But while the HS10 is extremely innovative, it is a "first generation" in a lot of ways and hopefully it will lead to further enhancements and competitive offerings.