No. The programming behind this game is completely unrelated to that of the NES.
EDIT to add: But also, what would be the point? You already have it in a TV-friendly format on the Wii/PS3/X360. Why on earth would you want to play it on the PC?
Nah, Nes WOULD be alot cooler , And MM9 is 8-Bit looking.....SNES is 16-Bit.
And the reason it would need to be completely re-coded Is because they didn`t write it in 6502, And maybe they just don`t wana re-code it. Maybe That`s a hint it`s possible....?