My Wii has been unplugged for about a month or so now because of lack of VC games. The last thing I bought was a WiiWare game. Dr. Mario Online Rx. Now, that seems to be all they are doing with the download service. They are trying to push out these WiiWare titles that, most of are worthless, instead of focusing on good VC games. I mean, sure they still bring out the occasional VC game, but its one I've either never heard of, or played and thought was worthless.
I think it will be a while before MM comes out, because of this. They want to push WiiWare, so they have basically forgotten about what good games they may have left to release on VC, or don't want to because they know veteran gamers will buy the VC games instead. Majora's Mask is at the top of my list of games I'm waiting to see, alongside Chrono Trigger (which may never happen), and Super Mario RPG. Until then, I've got 1000 Wii points that aren't gettin back to Nintendo any time soon. But the fact that it hasn't been released yet dosen't concern me too much as a Nintendo customer, because as much as I would like to have Majora's Mask be released, it dosen't hurt much to just get up and put Collector's Edition in there and play it.