That may have a bit of something to do with it... If they don't do the Ranger, they really should do something like the F100, or they are tossing away a good market, They already pissed it away by not keeping up anyway...It hasn't seen a major mechanical update since 1998, while all of its competitors have been replaced with entirely new platforms and powertrains.
If you look at the sales numbers, the whole "personal" pickup market is going into the dumpster. It seems folks are going one of two directions- full-size, or pass on the whole pickup thing and buying an economical car.