I am not sure that there is an official announcement of the reasoning here, but it is pretty clear what is going on.
Pages versions 1 through 4 (and Numbers 1 and 2) were an evolution of computer productivity applications and Pages 4.3 and Numbers 2.3 continue to work in that capacity.
Apple, however, sells far more iOS devices than computers, so Pages 5 and Numbers 3 were released as companion applications to the iOS versions. As such, if the Mac versions supported too many of the features that do not fit with the capabilities of an iPad, it would only serve to emphasize the inherent limitations of the iOS platform, and would lead to translation problems when moving documents back and forth between iOS devices and Macs. Interoperablilty dictates designing for the lower common denominator.
I would not expect a new version of Pages for the Mac to ever approach, let alone exceed, the capabilities of Pages 4.3. If, however, you found Pages 4 to be a "very usable wordprocessor," there is no reason, at least in the short term, to stop using it.
This discussion, among others, lists features missing in Pages 5.