Why? Because its not successful. See Neo Geo and Sony Xperia Play.
Every few years, someone tries this exact idea and fails. Plus, I don't want someone interrupting me when I'm in the middle of a Megaman boss. Thats just stupid.
The Xperia play probably failed due to relatively weak games available compared to a 3DS. So you have a phone pretending to be a games console, you might do better by adding phone functionality to an already strong gaming system.
Fair enough. Seems easy to put an on/off switch on the side, though, like laptops have for wireless. Then you can just turn the phone off during your tough gaming moments.
Every few years, someone tries this exact idea and fails. Plus, I don't want someone interrupting me when I'm in the middle of a Megaman boss. Thats just stupid.