Voltage-controlled current source is a pretty basic OpAmp circuit actually. There's also some tricks to turn some common voltage regulators into current controls. If your "information" is already encoded as current, you can somewhat current-mirror with a very basic BJT circuit (its not the best circuit, but if you don't care about accuracy its fine).
I'd say that current control is _more expensive_ than PWM though. PWM is just software or a 555 timer if you're oldschool, both are cheaper than OpAmps / Voltage Regulators.
Or maybe you mean, "not feasible for the costs people expect", which is probably true. PWM is just so much cheaper in practice.