Ghostblade, Infinity Edge and Ravenous Hydra changes have destroyed most AD-based assassins.
Meanwhile, the MetaGame is focused around snowballing and early-game champions, as such; Renekton, Lee Sin have become incredibly powerful champions - Tryndamere is a nightmare with how good critical strike has become (and Yasuo), and ADCs can almost never be assassinated anymore due to assassins basically being phased out.
On top of all that, the "Late Game" doesn't really happen anymore, save a few close games - which has invalidated a lot of the AP Casters (both mid, and Jungle) - as if that wasn't enough - the cost of all AP items have been increased between ~70-250 Gold, while all AD items have had their costs reduced.
ADCs and AD Champions in general can receive up to 56% Armour Penetration, which makes having an AP champion almost pointless - unless you're Veigar.
Oh, and the Zhonya's nerf - before I forget, which hurt LeBlanc, Fizz & Kassadin so much.