It's a nice design (in particular Trigram Index), but overall product still failed. My guess is that regular expression search is not as useful as full-text search that general Google Search does.
Finding code with the regular Google Search is nearly impossible though.
Yes, General Google Search is missing some neat features, but overall these features are not as important as convenience of using familiar general search queries, search speed, and the size of general google search index.
BTW, do you have your own explanation of why Google Code Search was cancelled?