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3D requires orientation alot of modern humans dont have that.
Going from left to right is also kind of hand holding and since modern humans also have a problem with thinking for themselves that is what they prefer.

2D is the classic experience. People that like to play Mario but dont understand 3D go for 2D.

I also believe that if Mario64-2 would be called "Super Mario Bros. 3D" it would sell more copies  simply because of the name.