To me it seems that switching from x86 only makes sense for LRB if you're 100% convinced that these cores won't at some day in the future end up running your operating system kernel. That's not where LRB is right now of course, nor will it be for a few years hence, but in the longer term they may well end up doing so. Sticking with x86 makes options for those sorts of changes a much simpler transition for the end-users, and hence simpler to get into the market.
Like the x86 ISA would be the only one capable of running an operating system.
At the contrary Larrabee having a decent instruction set would enable getting rid of x86 completely in the long term, given that Larrabee cores would be integrated side by side with legacy x86 cores on the same die.