Gotcha: It would have depended on if this new Ultima game would have been part of the Guardian story line. If the story would suddenly have been continued in a multiplayer game, or different platform, I'd be pretty mad. At least I still have the choice to play Ultima 9 and finish the Guardian story line, if I'd want to torture myself through that.
There's this game called Drakan: Order of the Flame, and the game very clearly ends on a "To be continued", a huge cliffhanger. Unfortunately, the sequel never came out for PC, only PS2, so I was unable to ever finish it. It sure pissed me off.
I don't mind missing out on single-story games, but when a story is told over multiple games and I can't play all of them, then yeah, I get pretty salty about it. It's like watching the first two Lord of the Rings movies, and never get to see the third one.
Or there's cases like The Magic of Scheherezade, or Final Fantasy Mystic Quest, where the game ends with the main characters leaving on another journey, implying that there'd be a sequel, but the sequel never came. (Apparently, there was a sequel to MoS planned, but it was never released, which is a shame because of how that game was both unique (Zelda-like, except that once in a while you get into a turn-based battle in addition to the usual action combat), and ahead of its time (combination attacks, which otherwise weren't seen until Chrono Trigger and Phantasy Star 4).
Or a case like Paladin's Quest, where there is a sequel that follows the story, except that the sequel (Lennus 2) would only see a release in Japan, and the third game in the series (which the ending strongly hints at, including the planet it would take place on) was never made.
(For comparison, imagine if Return of the King didn't exist, whether as a book or a movie, but the first two books did still exist.)