True, but not many people have been working on it. SARS was essentially eradicated so there was no economical benefit on actively doing research on it. For this one, people will be working, so I guess it is likely that an effective vaccine will be discovered within next year.
However, I read that won't necessarily be enough. Apparently, the world has a capacity of 900 million doses per year or so (not sure how reliable), so even if a vaccine is found, probably not everyone (or even the majority) will get vaccinated.
I guess the strategy is hope for a miracle (which could be costly like Spanish flu, or not that costly like swine flu). The worst case is if this becomes endemic and attacks us every year. Maybe it is mother's Nature solution to global warming.