Interesting confirmation of a dead project: Sorry if already posted, F-Zero and F Zero turn up no results on the thread search :(
Would have been shown off at E3 2011
F-Zero is one of those franchises which Nintendo fans are constantly clamouring for, and not an E3 passes without demands from the masses for a brand-new entry. The series has been dormant for quite some time, although recent events - such as a F-Zero mini-game in Nintendo Land and the inclusion of the legendary Blue Falcon in Mario Kart 8 - have given fans hope that we could yet see a fresh instalment.
We can now confirm that the Wii U nearly launched with an F-Zero title. Back in 2011, Nintendo of Europe asked Burnout studio Criterion to work on a pitch for a new F-Zero, which would have been shown at E3 that year alongside the official unveiling of the Wii U itself. Shigeru Miyamoto has previously stated that he's at a loss about how the revive the series, which would explain why Nintendo opened up the field to third party developers, to see what they could come up with.
The objective was to show off a playable vertical slice of the game at E3 which would give fans a taste of what the full release would entail. A quick turnaround was essential, but sadly Criterion was hard at work on bringing Need for Speed: Most Wanted to multiple platforms and therefore couldn't spare the resource at the time.
Our source on this particular piece of information wishes to remain anonymous, but we've since had it verified by Criterion founder Alex Ward. He confirmed that the conversation between Criterion and Nintendo of Europe did indeed take place, and that time was of the essence for Nintendo. Because Criterion had prior commitments, nothing came of the idea - and it joined the untold legions of game pitches which went absolutely nowhere.
Personally I'd have loved to have seen a Criterion take on F-Zero, but Need for Speed: Most Wanted was so good I'm glad the resources went into that instead. It's a shame they couldn't have kept sweet with EA and made this happen a bit later in the system's life.
Someone in the comments made a good point when suggesting that if Nintendo Europe were looking for a developer to make a new F-Zero, Sumo Digital would be a good choice.