A similar reason as to why Sega includes such 'classics' as Sonic R and Sonic 3D Blast in their anthology collections - its to keep the name out there (and it also highlights the quality of AO/AE and SW...)
Munch isn't a bad game by any stretch of the imagination - it just isn't a good Oddworld game. They tried something new, it didn't work out. At least Stranger was great (excluding voice quality that is worse than an SNES game) and with the release of these titles on the Vita and PS3 you can finally play all four games on a single platform without having to stomach the cramp-inducing controls of the AO and AE PC ports.
It also means that I can finally stop using my PS Vita to prop up my desk and actually play a good game on it that isn't a launch title.
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