I wouldn't say 'incapable' because you can use an OBD device (less than $20 like http://www.amazon.com/dp/B001LHVOVK/ ) to access that information. It's pretty much plug and play for those who care about that kind of thing.
The average consumer can just take it to a tire shop and let them figure out which tire has an issue.
> If it was something simple, easily detectable and fixable it would have its own light, ie the door is open, you're running out of gas.
I've been in new vehicles with a single light for "low tire pressure". But it wouldn't tell you which tire. Sure, I can discover this by manually reading the pressure on all the tires, but the system has to already know this information. It's just incapable of displaying it.