As lightbulb said, multiplier lock is the main reason.
Another problem is that the P4 bus sends 4 data signals every clock cycle, whereas the Athlon's bus does 2. At 200Mhz you would have 800 megatransfers per second. Although that's possible, you'd probably get signal degradation in all but the newest, good quality boards.
And of course there's no real reason do to it. AMD users raise their fsb to 200 so they can run in sync with 400Mhz DDR. With a P4, a 133Mhz fsb has more bandwidth than 400Mhz DDR can fill. A 200Mhz fsb would be overkill to say the least. Once dual channel DDR comes out, that story may change.