The quick summary is that they're overpriced licenses and the audience who would buy the DVDs are a bunch of nitpicking fags, like you and me.
>>Anime News Network SOURCE<< (you'll have to scroll down)
You manage to do a pretty good job summing up why shows like AIR or Kanon are unlikely to be licensed for release in the States, actually. From what I've heard speaking with various and sundry
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