I doubt so. Let's say they reprint Wasteland in m15 as a mythic (not very probable they would print it as a rare, see Tarmogoyf). It would become modern legal and the price would spike overnight straight up to the sky. I honestly believe the same would happen even if it were reprinted as an ordinary rare.
The only way I can see Wasteland going down (when reprinted) is if they would massively reprint it at least 2-3 times. And that just won't happen, we all know how keen WoTC are in the matter of reprinting high value cards. Don't underestimate the number of players playing modern.
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