I learned this very, very, recent (as in check post with effect) and learned that this goes against Nintendo's Intellectual Property (http://www.nintendo.com/corp/ippolicy.jsp).
States as follow:
"INTELLECTUAL PROPERTY POLICY
Nintendo respects the intellectual property of others, and we ask users of Nintendo products and services to do the same. In accordance with the Digital Millennium Copyright Act (DMCA) in the US, the Electronic Commerce Directive (2000/31/EC) in the EU, and other applicable law, we have adopted a policy of terminating, in appropriate circumstances and at our sole discretion, subscribers or account holders who are deemed to be repeat infringers of third party intellectual property rights. We may also at our sole discretion limit access to Nintendo products and services and/or terminate the accounts of any users who infringe any intellectual property rights of others, whether or not there is any repeat infringement."
sorry for the inconvenience, but don't want to get sued for this mistake and this doesn't fit under "Fair Use" I did the research already.
I can confirm that there is going to be an Legend of Zelda: Ocarina of Time for the 3DS.
Video: Youtube.com (Japan though, possible that it will have multiplayer mode like they did with Super Mario 64 DS)
People discussed with a possible multiplayer mode here:
Again, sorry for the inconvenience, but OotRP is officially cease & desist!