Well Not really. They will however be in a game with each other, as well as characters from each series. The game is titled Mario & Sonic at the Olympic Games, and will be released this holiday on the Wii and the DS.
Other characters you'll be able to choose from are Luigi, Tails, Yoshi, and Knuckles. The environments in the game will be based on the venues at he Beijing 2008 Olympic Games, and events include table tennis, 100 metres running, and swimming. Sega will handle the publishing duties in North America and Europe, and Nintendo will in Japan.
http://www.gamespot.com/news/6168192... stop;title;2
Now that we know they will be appearing in an Olympic game with each other, do you think this is a sign that they'll appear in Super Smash Bros. as well?