I would like to see that fight too man, but looking at it from a buisness standpoint, i figure Dana would rather have Shogun stay at light heavyweight in order to include him in more marketable matchups, against Jackson, Liddell, Jardine, maybe a Forrest rematch, and so on. When you think about it, the middleweight division is looking pretty bleak, aside from Anderson and Rich, so there wouldn't be much for Shogun to do after fighting those two. With Shogun being a little softer and Hendo being a smaller LHW as it is, they should just fight in that weight class, if only to keep them available for future highly marketable matchups.
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