2) It used to be fun - kind of a C-Ride.
3) The crash made it well beyond an E-Ride attraction.
Wow, way to date yourself there buddy.

Want to share what those tickets cost so everyone can have a heart attack? I know I did when I saw the tickets at 50 something, and I wasn't paying back then.
With regard to the risk management of this situation, WDW is not the only one under pressure. There was another employee death on property recently, not to mention the Sea World incidents and others in the area parks. I noticed at the tomorrowland speedway that they don't jump on the car and pull you in anymore (at least when I was there).
OSHA came down hard on all area attractions for not paying more attention to employee safety practices.
I'm afraid the days of risk we remember are gone until they figure something foolproof out. Maybe one day they'll engineer a solution to bring the "risks" back, but for now it's cheaper to just eliminate the risks.
Besides, at the rate the monorails keep breaking down, we may be seeing new, roomier, safer monorails in the near future. All it takes is a better safety cage, and elimination of seats to make things better, and yes you may even be able to ride up front again with a clear partition between you and the pilot.