Again, the reasoning behind it is understandable. There clearly was no way that any of the networks would touch an Oogieloves TV show, since the big mascot costume kiddy show is way passe. Yo Gabba Gabba is sort of popular because hipsters with kids watch it (considering someone from Devo created it, the characters look like 1970's Japanese kid's show mascots, and among other things, the Homestarrunner guys gave some input somewhere)... but most kiddy shows today are animated, quite a bit of it CGI or Flash, though there are those that have semi-traditional digital animation.I'm still trying to comprehend that this thing was actually made.
And like I always say, movie merchandise is above all others. Wal*Mart famously screwed the Transformers Animated toy line because it wasn't the movie merchandise. Playmates dumped any TMNT merchandise that wasn't based off movie designs, and for the longest time, there was nothing but movie related toys on shelves. So, logically, the franchise of merchandising, a subsequent TV show, and DTV products was to have been built on the film's success. Luckily, it didn't HAVE any.