It's not going to happen because Nintendo has bought the publishing rights for the Fatal Frame series. I think it happened around the time Tecmo merged with Koei. So unfortunately there will be no HD collection for the PSN. I was hoping to see at least an HD collection along with Stereoscopic 3D and Move support. Best bet would've been PS2. I own all 3 games but haven't finished FF2 yet.
As much as I disliked what Nintendo did, Fatal Frame on WiiU sounds really nice. Imagine using that fat controller as your camera obscura, taking pictures of the ghost in stereoscopic 3D. I'm sure Nintendo will end up having the HD collections.