Or: - he really doesn't use his PGP key all that often, had the same one for 16 years on god knows how many computers, and decided that if he's going to generate a new one, he might as well send a message with it.
Normally i'd let it go, but i actually would like some clarity on your intent here. Are you implying that Schneier doesn't use encrypted communications on a regular basis, that PGP is impractical, or both? (and to be clear, my intent is not to bait, i'm actually curious)
If his computers have ever been compromised, his PGP private key would likely be as well. Considering all the news about US gov spending millions on rootkits, it was likely a wise choice to generate a new one in case a previous one was likely to have been compromised.
I'd guess Schiener would be a target of interest by some state (as is anyone working with encryption it seems).