Because that’s how floating-point is defined (more generally than just Javascript). See for example:
- http://en.wikipedia.org/wiki/Floating-point#Infinities
- http://en.wikipedia.org/wiki/NaN#Creation
Crudely speaking, you could think of 1/0 as the limit of 1/x as x tends to zero (from the right). And 0/0 has no reasonable interpretation at all, hence NaN.