Originally Posted by DoctorNarrative 
They have said bluntly on their forum that DAO did not sell well enough and EA would only green-light a sequel if it was more console-focused and streamlined.
The funny part is I bet DA2 sells worse.
They must have insanely high standards then:
Bioware's Dragon Age: Origins Reaches Triple Platinum Sales
Leading video game developer BioWare, a division of EA, announced today that Dragon Age: Origins has sold-in over 3.2 million*
That seems pretty strong unless I am just really out of touch.