I'd say the better question would be 'why did the stop selling the ZX7R' but I already know the answer to that - it's because it didn't sell... PROBABLY because they never updated the fucker. Stupid Kawasaki. oh well.
I seriously doubt they will be bringing back a 750cc sportbike. Unless a new racing class opens up, or Superbike goes back to 750cc for inline fours, there's no reason to make a 750. Perhaps a new naked/streetfighter 750, but I can't see a reason to make a 750cc sportbike.
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