So far as we can tell, there is no viable plan for mass adoption of S/MIME. It will remain a niche system whether or not we participate. There is no opportunity for impact that would justify the effort and expense on our part, no vision for the future of S/MIME that we're excited about.
There was a viable plan for mass adoption of HTTPS in a reasonable time frame, that's why we chose to execute.
A fundamental difference between those two ecosystems is that the burden of HTTPS is almost entirely on server administrators, end users don't have to do anything. The HTTPS user-agent ecosystem has been solidly in place for a while. In the S/MIME case individuals need to be more participatory, and it's hard to get end-users to do anything, let alone correctly.