I can only assume that the reason that this cannot be done at the moment is the way that the implimentation of the protection has taken place within the prog. Obviously, like most, I read from the crackers about how they beat C5, and as a non-programming type guy, I assume that its inherent strength and why it is has not been defeated also means that it is currently less flexible when it comes to licencing via alternatie methods.
I may be wrong , but isnt the Reason Ignition Key a Codemeter solution? Their system is still undefeated (the full implementation of it anyway), but I suppose its a different tech, and you guys have eLC and until it is re-coded, that is that.