1: it is easier to do 120fps in smaller sensors than larger sensors. A Go Pro will do 120fps 1080 before a Canon DSLR will, watch
It's just easier for processors; size matters.
2: getting higher FPS with larger sensors costs more to do. Look at what a RED can do...and costs.
3: m4/3 or Sony will do 120/1080 before Canon. Don't ever forget that Canon tries to protect their Cinema line. m4/3 doesn't have to, Samsung and Nikon don't have to, and Sony doesn't care (they cram tech into whatever they can). Canon put 1080 60fps in the 7dii (and all future DSLRs because they felt the very real pressure from competitors, NOT because they wanted to).