Apparently the reason is that it's not compatible with XFS filesystem until 3.12 [6], and even though nobody uses [7] the XFS filesystem, backwards compatibility takes precedence over new features.
This is changed in 3.12, but it looks like the patch just missed the boat for Ubuntu Saucy [8].
[1] https://bugs.launchpad.net/ubuntu/+source/linux/+bug/509808
[2] https://bugs.launchpad.net/ubuntu/+source/linux/+bug/1085684
[3] https://bugs.launchpad.net/ubuntu/+source/linux/+bug/1191600
[4] http://lwn.net/Articles/541787/
[5] http://www.mail-archive.com/ubuntu-bugs@lists.ubuntu.com/msg...
[6] https://news.ycombinator.com/item?id=6761847
[7] By "nobody uses," I mean "I don't use it"
[8] http://lists.debian.org/debian-kernel/2013/09/msg00356.html