Current FAA passenger safety regulations require seats with 16G survivability:
http://www.faa.gov/passengers/fly_safe/safety_improvements/media/FAA-FactSheet-Aircraft-Survivability.pdf
As the PDF notes:
In 1988, the FAA issued regulations
requiring that all newly developed
transport aircraft use “16g” seats.
Using a test dummy, these seats
undergo dynamic testing and
evaluation regarding injury
protection. Similar to automobile
crash tests, the FAA tests are
designed specifically for the aviation
environment. Previously, seats were
designed and approved to a static
9g standard with no occupant
injury criteria. Most transport
airplanes were developed before
1988. However, Amendment
121-315, effective October 27,
2005, required that transport
category airplanes in part 121
operations, certificated after
January 1, 1958 and manufactured
on or after October 27, 2009, must
comply with the 16g dynamic
standard. In 2010, the agency
published guidance on the
importance of analyzing how interior
structures, such as seats, interact
with other structures due to critical
loads. In July 2012, the FAA issued
new criteria for side-facing seats
that are equivalent to the occupant
protection for standard
forward-facing seats
It is very hard to design side-facing seats that meet these survivability standards (human necks are very weak in the lateral direction). Furthermore, the airplanes are current designed with seats that slide on tracks in order to make the cabins easily customizable to customer (airplane company) requirements. This also makes it easier to design around front-facing seats:

And let us not forget this quickly abandoned proposal. Everyone would still be facing forward but we'd be standing! With shoulder and waist harnesses (five point), survivability might actually be pretty good! Actually, I'd want a head and neck retainer too. :-)
