No game company "deserves" to be disbanded.
Yes they did ignore their core fanbase and just hope that we'd either like it, or they could draw in lots of new fans (and I'm not sure which one of those actually happened if they did manage to sell 1,500,000 copies).
But even if we didn't like the latest few games, there were still elements of those games that prove they could've still come back with a Saints Row that old fans and new fans would all love.
But sometimes these companies get to the point in a series where they feel like it's turned into nothing but fan service (Eg: Johnny Gat's return, Fun Shaundi's return, pointless "romance" cutscenes that imply your character has sex with one of your homies, Missions that seem like hollow parodies of former missions from previous games, and countless nonsensical retconning that just confuses everything we know about the series)
So they reboot the series with a fresh set of characters - Fine.
But making this kind of move is the make or break point for the IP, not for the company.
Usually a company can bounce back after a bad game, but unfortunately for Volition, they had a bit of a bad run for a few games: GOH, AOM, and SRR... And during that time they've been passed around quite a bit.
As much as I hate the latest game, I'm not exactly happy with the idea of some other company trying to make the next Saints Row game. At least Volition do know what can make a real Saints Row... I'm not sure any other company could make a real Saints Row.
At this point all I think I want is a remake of Saints Row 2006, and Saints Row 2 rolled into one long game. I'll probably make a new thread about it somewhere.