If your Fanboy Sense is tingling, it's because Nintendo's Shigeru Miyamoto recently used the words "creating something new" and "A Link to the Past" in the same sentence, in an interview with Edge. The Zelda creator is specifically addressing comments made by Skyward Sword producer Eiji Aonuma in November 2011 about the possibility of a 3DS return for the much-loved SNES classic.
The bit from Miyamoto that you're most interested in reading is right here: "I'd be even more interested in creating something new maybe based on, or starting from, A Link To The Past. I think it's important to bring some really new software." He also adds that he wouldn't necessarily take point on developing the game, so whichever director lands the gig will determine what sort of shape the project takes.
There's more to the interview than that, including Miyamoto's read on how a new F-Zero might fare in today's market (hint: not very well). Make sure you check it out.