Lets get real here..
Funcom had 2 options with TSW
1. Stop all development and drain what ever cash they could while it dies.
2. Invest and do something new with it.
Since TSW player numbers decline too rapidly to really justify adding major content I'd say they chose the correct option.
Do somethening new / radical and hope it picks up momentum, because just like AoC, TSW has a lot of potential.
And lets be fair, players would hate option 2 more, they just lack perspective.
Actually I think that Funcom is quite exceptional in the way that they are now investing more in TSW considering the dire financial situation it was in just 1 year ago. Conan Exiles now lays (pays) the foundation for more investments.