I don't think so. It could be, but I'd preffer something other than a Zelda, at this rate, we'll remake all of the 3D Zelda titles in a single gen. Maybe they'll bring it for the NX, but who knows.
Also, if Nintendo wants to make Zelda games so much, why not make the 3rd entry for Oracle of Ages/Seasons? There were supposed to be three games, after all.