Well they kinda did. They released it on the Satellaview: https://en.wikipedia.org/wiki/Satellaview_games_from_The_Legend_of_Zelda_series#BS_Zelda_no_Densetsu

Well they kinda did. They released it on the Satellaview: https://en.wikipedia.org/wiki/Satellaview_games_from_The_Legend_of_Zelda_series#BS_Zelda_no_Densetsu https://en.wikipedia.org/wiki/Satellaview_games_from_The_Leg... Unfortunately, said game never got released anywhere else, meaning the one time we got a 16-bit version of the original Zelda game, it was on a Japan only service that's long been discontinued.