I think Deathstorke can be made because he is a bad guy. Lobo is an anti-hero and because of that, Mattel or Time Warner probably thinks that kids may get the wrong ideal of a superhero doing bad things/
I don't think it's dumb since both Nightwing and Robin, two people who constantly battle Deathstroke, are in this wave as well.
How can they make Deathstroke and not Lobo? Dumb.
I know what you mean though. We can't have one killer, but get another instead.
Deathstroke also supposedly has sex with underage girls, like terra. I don't think Lobo has done that in comics.
I know the Lobo issue has been beaten to death and that we can all talk it in circles until we're blue in the face but...they gave us Etrigan, a Demon from Hell (often times on the side of the heroes - more often than Lobo as far as my memory/experience recalls.) in the very first wave. A Demon. From Hell. It even says so on the package. The implications alone would lend one to believe a Demon from Hell would have to do some pretty nasty stuff on a daily basis. Anyone ever read Dante's Inferno?
Imagine a parent in a Bible belt state, or Utah, or somewhere like that, picking that one up off the shelf and reading the packaging. Some folks can be pretty touchy about that type of thing.
That said, I think the Lobo issues (excuses) are pretty lame.
Maybe they released Etrigan as a pre-emptive test. If they can get that guy made without a loud public outcry, Lobo should be a cinch.