You've met with a terrible fate, haven't you?
Nintendo is considering either a remake of Majora's Mask or a follow-up or remake to A Link to the Past as its next 3DS Zelda project, according to an IGN interview with Shigeru Miyamoto.
In the interview, 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."
This isn't the first time Nintendo has teased the possibility of a Majora's Mask remake on the 3DS. In a July 2011 interview with Nintendo Power, Zelda Producer Eiji Aonuma stated that such a remake might make the game more accessible to players with time constraints. The original Majora's Mask required players to rush through the dungeons within the 72-hour time constraint and limited the ability to save without losing several hours of progress.
The other option would be returning to A Link to the Past in either the form of a 3D remake or even potentially a sequel. The beloved game is widely considered by many as one of the tent-pole titles in the Zelda series.
In both the IGN interview and the Nintendo Power interview, Nintendo executives asked the interviewer if they would be interested in these titles. It seems as if they are interested in fan feedback before committing to a decision regarding the next Zelda title on 3DS.