He's my absolute favourite character, and II sadly have to say Nay. I don't know, I have my own opinions on his character, who he really was/is, and if Nintendo brought him back it might really mess things up for me...or make him all the more amazing, you never know, but he's one of those amazing mysteries I think I'd rather see left a mystery. I feel like that's part of why he's such a great character.
I admit, I'm biased to my own ideas and the only way I would be happy if they brought him back at all, is if they gave some back story as to how he and Hylia were...uhh...best friends? *sly grin.*