I'd be game for a new forme for a past legendary. When thinking about it, it seems odd that all of a sudden once Hoenn showed up a handfull of legendaries were able to change form, but the same isn't so for pokemon of the first two generations. I could have seen Lugia or Ho-oh gaining one. Integrating that into the story of HGSS wouldn't have been too difficult, but that ship has sailed. At this point in time Mewtwo seems like the obvious choice what with the genetics theme and it showing up in the upcoming film.
I have random thought on the legendary Pokemon...
Yveltal has diamonds on the back of it's wings and Xerneas has legs like swords and could be seen like the "Spades" suit; maybe this could mean there will be just two event Pokemon, with "Hearts" and "Clubs" as design themes? There are already a high number of cutsy/love/heart themed Pokemon though.
(Feel free to message me, if you'd like to trade; I'm just not able to always guarantee my availability).
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Yveltal is very majestic and looks like it could be of a new type. Well I don't know much about the new move sets, or (if any) new types they have. So I'll just wait and see, but I truly can't wait to find out!
Xerneas is based of an Axis Deer.
Xnerneas I see as Grass/Steel and Yvetal is no doubt gonna be Dark/Flying. As for the 3rd Mascot not sure until we get more info and we will have the traditional region trio aside from the mascots
Do you think the stag might turn out to be Steel/Grass type? It seems to represent the forest nature, and the shiny-ness and metallic hooves make it look like it's definitely Steel...