Yes there is a very good reason for why you cannot do this. The simple reason is cost. The cost of enabling this feature in C# (or VB) is extremely high.
Editing a lambda function is a specific case of a class of ENC issues that are very difficult to solve with the current ENC architecture. Namely, it's very difficult to ENC any method which where the ENC does one of the following
- Generates Metadata in the form of a class
- Edits or generates a generic method
The first issue is more of a logic constraint but it also bumps into a couple of limitations in the ENC architecture. Namely the problem is generating the first class isn't terribly difficult. What's bothersome is generating the class after the second edit. The ENC engine must start tracking the symbol table for not only the live code, but the generated classes as well. Normally this is not so bad but this is increasingly difficult when the shape of a generated class is based on the context in which it is used (as is the case with lambdas because of closures). More importantly, how do you resolve the differences against instances of the class which are already alive in the processe
The second issue is a strict limitation in the CLR ENC architecture. There is nothing that C# (or VB) can do to work around this.
Lambdas unfortunately hit both of these issues dead on. The short version is that ENC'ing a lambda involves lots of mutations on existing classes (which may or may not have been generated from other ENC's). The big problem comes in resolving the differences between the new code and the existing closure instances alive in the current process space. Also lambdas tend to use generics a lot more than other code and hit issue #2.
The details are pretty hairy and a bit too involved for a normal SO answer. I have considered writing a lengthy blog post on the subject. If I get around to it i'll link it back into this particular answer.