A bit odd that Nintendo would let a major title like OoT go out of print, but they do their numbers and if sales have presumably been tapped down to residual sales, it probably makes more sense to stick to DD. They can always do another retail copy run at a later date if the demand is there, or they want to do some sort of re-release.
Disney used to let their classics go out of print on a regular basis as a marketing tool to drive sales and films that went out of print saw a rise in aftermarket prices, so this is hardly a unique situation, not that Nintendo announces when they plan to let one of their games go out of print (it's not a marketing thing for Nintendo, they just let games go out of print).
Annoying? A bit, if you just bought a 3DS and are building a library. If not, It was available at retail price for quite some time. No one is required to keep something in production forever.
Who knows; maybe another production run is already in effect and individual sellers are simply trying to take advantage of the temporary lapse in availability.
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