4 way CF and SLI isn't nearly as good of a value of 2 way CF, also only high end cards support 4 way CF and SLI. For nVidia i believe nothing below the 570 and 580 have 2 SLI connectors and for AMD nothing below a 6950 and 6970 have 2 CF connectors so 4 way CF/SLI is really restricted to the top end cards.
Its also really expensive to get a board that can do 4 way CF/SLI well since most chipsets don't support enough PCI-e lanes natively. The AMD 890FX chipset provides 38 PCI-e lanes which is enough for 8x/8x/8x/8x quad CF/SLI, but the 890GX only provides 22 PCI-e lanes which is only enough for 8x/8x/4x at best. The Sandy bridge CPUs each provide 16 lanes from the CPU, the chipset provides 8 more for non-graphics slots, so without using an NF200 chip the best you can do with a Sandy Bridge CPU is 8x/8x CF/SLI. That is why most boards are only dual SLI/CF and not quad CF/SLI capable.