I was thinking the same thing, they really don't seem to be able to compete. It's a damn shame too.
It is weird to think that with Nike & Adidas by dropping one of their upper tier basketballers or footballers they probably have enough budget for the entire skate team, which is probably the budget of all core companies combined. I watched a doco on Lance Armstrong last night, when Nike pulled his contract for doping, that right there would probably pay for their skateboard program.
I still look back on the days when you could pretty much tell another skater by the shoes, now I'm in the supermarket and grandads rocking the same shoes the kids at the skatepark.