I really like MM, but I hope it doesn't happen. We already have a remake on the 3DS. We just got two Zelda games last year and I would much rather have the developers focusing on new Zelda games. There is no need for another remake this soon. I don't want Zelda to turn into a series that has to resort to remakes. If Nintendo panders to the wishes of Operation Moonfall, next you'll have people demanding a remake to a Link to the Past. No thanks.
Nintendo plans to do MM3D after the next Zelda game.
I could see Zelda 3DS in December 2013 (like Spirit Tracks in December 2009)
MM3D in mid to late 2014
Zelda Wii U in late 2014 - late 2015.
I don't think they are going to make A Link to the Past in 3D, but I like the idea of it implemented into Zelda 3DS. But I would rather see Zelda 3DS like OoT3D, same with MM3D.
The game's reproduction on the 3DS would depend on how popular the game was on the N64. I really enjoyed the gameplay with the masks, and would like to utilize the same gameplay within a handheld system. However, this is in the hands of the developers.
I doubt it, they just released Ocarina of Time 3D, a remake if an old zelda game, and Skyward Sword, so i personally doubt the chancesof ant Zelda game being released soon are very high... However, i would love for it to happen!