I think it's a good thing. I never understood why they wanted them in the first place. It's a less capable plane the the Piaggio. Goes slower, less room in cabin, fewer seats, burns more gas, ect. The only positive is it cost less. So you could buy in for half the cost of a Piaggio but the monthly management fees would be the same. My take is if you can afford the management fee then the buy in is no problem. So who would these be marketed to? On top of that the Phenom would compete with the Piaggio. Why would you want two planes at the same company competing with each other?
Anyway, I think it's a good thing that they're not coming.