Land Rover don't really care about Australia, or Africa, or any other small markets that were waiting/hoping for a Defender ute. That ship has sailed as these are not the target markets anymore. It will be a rational business decision on Land Rovers part to not compete in a segment with too little ROI for such a small company. The giving up of street cred, cache, links to your roots, etc is another argument entirely, which larger companies like Mercedes can cater for (G-Wagen range), but Land Rover probably can't.
Having said that, given a never ending budget, I'm sure Land Rover would have loved to have a Defender ute though, and I bet a lot of midnight oil (and probably $$ on prototypes) was burned on whether to add it to the model range or not!

