It's a catch-22. The company needs money and some people want to buy new cards. I personally find it's getting hard for me to even play with the sheer number of cards and rulesets, but that's just me. So while I think there can be such a thing as too many cards, the company will always have to make new sets. And that's what Modern format is good for... to limit it to just two sets.
RE: SPS Governance Proposal - Hire Splinterlands to Develop the Next Major Card Set - Conclave Arcana