Winner, that letter you just posted (from the apollo mission commanders) was written by them in February, way before this announcement was made.
So what? The basic outline of the new plan was known then. Obama didn't really say anything new at KSC (except that NASA will develop the stupid Orion-Lite variant "lifeboat").
They didn't know any details, except that constellation was going to get scrapped.
False, the basics were known and repeatedly defended by Bolden. The details of the plan are not ready yet and will be made along the road, probably.
Unsustainable financially
Very detailed indeed
Sorry, you didn't address any of my points whatsoever. You seem to have read some anti-Constellation article and now you're giving me all the
political pseudo-reasons.
Constellation was unsustainable under the current budget, yes. Or more precisely, it wouldn't do the things it was supposed to do
by the deadlines that were set, so in other words, the programme would get delayed. But (!!), the increases needed to speed things up were not really unrealistic and even the Augustine committee which reviewed the US space programme concluded that with a relatively modest increase in budget (3 billion a year - nothing against the huge increases in military spending) it would be back on track. Of course there could be compromises - less money, more delay, it's a sort of direct proportionality.
Obama simply killed a viable project because he didn't want to allocate enough money. Everybody would accept changes in some parts of the programme (and some were indeed needed), but to kill it altogether was an insane decision. Not only the money previously invested will be partially lost, but there will be further costs in terms of cancelled orders, job losses, transit fare paid to the Russians, etc.
In the end, what's different? Obama still wants a heavy lift rocket - Constellation was supposed to produce it. Obama still wants to travel beyond LEO - Constellation was supposed to give NASA this capability. Obama wants to go to Mars - so did Constellation. Obama wants to develop new technologies - yes, that was a part of the Constellation project too.
This is why it doesn't makes sense. He could have altered the programme (for example by cancelling the part involving the return to the Moon and refocusing on other goals, which is what the Augustine committee suggested) instead of killing it completely.