That very well may have been a factor. However, Apple engineers have publicly stated that for them to continue supporting PowerPC Macs would have required developing and shipping system APIs targeting a processor they hadn't sold in over half a decade. I think Rosetta's number was up regardless.
Then, IBM bought Transitive and discontinued the PPC->Intel translation engine.
Apple did not have the option to continue shipping Rosetta, because IBM axed the team that would have had to update it for Lion.