Given that there is no Zelda collection with Zelda 1, 2, 3, and more all on the same disc I'd buy that.
It definitely WOULDN'T just be this crappy Mario shit. It can't. Zelda's not Mario and there is no Zelda where only one button is required for play.
Dream scenario: Zelda Collection with Zelda 1, 2, 3, LA, OoT, MM, Oracles, and Minish Cap, maybe Wind Waker if they can fit it.