When IGN asked about the future of F-Zero, Miyamoto replied:

Miyamoto explained that keeping up with fan requests can be difficult:

Another reason the F-Zero series has not been touched is simple: Nintendo does not have the staff to work on it. But, Miyamoto assured that Nintendo is currently expanding their internal staff to allow for multiple projects to be worked on at the same time, giving the company the ability to create new IP while also focusing on developing fresh new titles from its popular franchises that fans wish to see.

With this in mind, fans of the F-Zero series can still remain hopeful for Captain Falcon’s return in the near future!