Why not designing a replacement PCB? Supporting big flash so only few would be needed and no more sacking of sport games.
I'm not talking multi yet.
I'd guess because it looks not profitable ?
as was explained above by
@twistedsymphony: there is official RAM-cartridge from Sega - DIMM-board. having it user may upload games via network (from PC or RPi) or from CF card.
some people wish to have same functionality, but:
- easier to use
- faster game change/load time
-
cheaper than Sega's DIMM board
this

^ IMO is main reason why such device still not exists