They have been selling smaller and smaller dices for years, with the underlying technology getting more and more expensive despite of Moore's law that was key in keeping the same profit.
With 14 nm they wouldn't be able to sell 300 mm^2 dices to consumers for 100 to 300 $ with margins anywhere near Lynnfield.
On the other hand Lynnfield on 14 nm would probably be in the tens of mm^2 range if ported, so you are still getting more compute power in 2020 vs 2010 for the same money.
Another issue is power: a 300 mm^2, 16 core Comet Lake would burn a lot of power, and we already are at the limit with 10 cores...
I don't think Intel is interested in the market you guys are talking about anyway. Very, very, very few home PCs have 16 cores.
If you look at Steam HW survey for example - and I would consider this weighted heavily towards enthusiasts and not typical home users, so more cores than the overall market - the total number of systems with more than 8 cores is right around 1%.
This means 99%+ of users is 8 cores or less.
If Intel really wanted to target the halo group of 12 / 16 core users, that tiny speck of a market, the solution would be easy.
Drop the iGPU which takes up 20-25% of the die space (and which AMD doesn't have) and fill it with 4 more cores + more cache. Bang, you have a 14 core / 28 thread 14nm CPU on a die about the same size as a 10900/10900K which is just under 200mm2.
I wouldn't be horribly surprised to see something like that with RKL, since despite its size that particular market is quite vocal, and halo products like those are all about the marketing.