If, for reasons which remain mysterious to me, there is a comfortable and stable gap between Mt. Gox and others, and if one has a relationship with Mt. Gox which allows the kind of turn-around needed to succeed at arbitrage, then it makes the most sense to try to just keep the happy state of affairs chugging along. A 'stampede' at Mt. Gox would probably spell it's flame-out and thus the end to the milking the arbitrage.
There is always the possibility that Mt. Gox itself, or someone closely associated with it who can get USD out, is exploiting the arbitrage opportunity.