I had more fun with MM than OOT. OOT was still greatly awesome, and I wanted more to wait for the GC Zelda. So MM was my man. And I had loads of fun. If I had to pick one gaming world to live in. It'd be Termina hands down. The cool design of the Swamp, Great Bay, Mountains, Canyons.. and Clock Town is fun to walk around. And it was the only Zelda or any game at all that I explored every nook and cranny because I liked exploring the worlds. The music and graphics were all great. I'd say everything was better in this game than OOT except the music, which was equal. But I still must give alot of credit to OOT for inspiring this one. I was also scared noone really liked it. But come to think of it, all the later Zelda games (Oracles, Wind Waker, and even the non Zelda Super Smash Brothers Melee) had lots of MM references (Tingle, Great Bay playing field)
I would like a sequel that takes place in Termina, actually i dont know, of course it wont involve 3 day systems, the Moon or Majora's Mask, but it would be a nice revisit to check how everything's doing. Of course, that might just sound stupid..