This is the one excuse I CAN accept, but I still think it may be copout. Shoot 'Em Up, Mr. Woodcock and even Pan's Labyrinth were not huge success' at the box office.
The only reason I give Rendition an excuse is that it is the most recent and likely their financial struggles were a bigger concern at release time. This still doesn't answer the question why they choose the movies they do to release. I'm sure The Number 23 would have been a good film to release on Blu, but they didn't.
Also, it's not just New Line, The Darjeeling Limited is another movie that could be on Blu and for whatever reason is not.
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