I can explain it: Soichiro is dead.
I often think about things like this, why motorcycle companies can't think outside the box and make interesting bikes without doing one or two stupid things to make the bike unsellable, and Honda is worst about this. Most bikes today are so similar to everything else in it's class that I wonder why there are four different bikes at all. I bet most of us could tell more difference between brands of tires than brands of 600s.
They made the SV-650 10 years before Suzuki did, but they priced it within a few hundred of their 600 supersport. Great bike, doomed to be unsellable.
They made the PC800. (Should be unforgivable on its own but there aren't enough of them to rouse a decent mob against them.) (Perhaps not coincidentally, the same guy that green-lighted the PCH also green-lighted the DN-01... HTF does that guy have a job?)
DN-01. A combination of those two bikes; the engine of the former with even worse styling than the latter. With an ATV transmission. Oh, and it costs more than anything else from Japan. Seriously, guys, I'm insulted. This thing is a crap cracker with ancient crap internals. $4000, fine, it's a scooter. At $14,000, you're flipping us off and yelling "WE'RE HONDA! WE CAN SELL ANYTHING WE WANT!"
I was thrilled to see they kept the CBR-600F4i for sale when the CBR-600RR came out. They even made the "banana" seat available that turned the bike from a torture rack to the best 600 on the market. Oh, but Kawasaki has this $7000 ZZ-R600 that's the same generation of middleweight (previous year's ZX-6R) but it's $1300 cheaper. Oh, and they renamed it "ZZ-R" so now it's also cheap as chips to insure.
Blackbird, as already mentioned. They made the class with the CBR-1000F, then just watched it sit. New Suzukis and Kawasakis come and take all the sales, but instead of updating the bike (admittedly it didn't need much, it was already fast enough and already the best bike out of that trio) they just let it sit.
VFR. Hey, let's make the only VFR ever made that no one likes, and then give it an 8 year run instead of the 4 year runs that every previous gen had had. While the Sprint ST is lighter, cheaper, newer, and faster. At least when Kawasaki sells us an 8-year-old bike, they sell it cheap.
CBR-900RR. Holy cow, this bike is AWESOME. It's cheaper, faster, and lighter than the YZF-750 and GSX-R750. Except that it has a 16" front wheel. It's one thing to make a bike that's actually different than everyone else's, but it's another thing to make your customers unable to buy the tires they want.
VTR-1000F. Wow this thing is great. Wait, ****, got a gas can? 30 mpg is inexcusable.
As far as I can tell, it's just momentum that's keeping Honda alive. I can't think of a model they've made in 10 years that I wouldn't prefer something else. (And I have a VTR-1000F, but I got it cheap!) If this is the new ST, then look out, FJR. But as a VFR it's a dog.