So, Nintendo is recently debating MM or ALttP3D. Which would you rather have made? I vote MM3D, for obvious reasons (most obvious the work for MM3D is already done through OoT3D whereas they would totally have to make a new engine possibly and stuff for ALttP3D). I want both, but MM3D first.
Source: Zelda Universe
Mr.Miyamoto said:We haven’t quite decided yet, whether we’re going to do A Link to the Past, because there’s also the possibility of doing a remake of Majora’s Mask. This is something we’ve certainly been talking about and doing a little bit of experimenting with, to figure out which way we’re going to go. (Fans will have to wait) just a little while longer (to hear a decision).
We have so many goals right now. We’re always looking at expanding our audience and giving people the opportunity to get their hands on 3DS and see what kind of fun gaming experiences they can have. And now, we’re also tasked with pushing the Wii U. So we have lots of good opportunities in terms of thinking about which Zelda game is going to be best for which purpose.
Source: Zelda Universe