I think scientific interest would be more along the lines of using it more like GRACE, tracking climatic changes associated with carbon and water ice moving around. Additionally, you couldn't get data from as close to the surface, since you've got to stay out of the atmosphere, just like you do on Earth, making it harder to get 'crust to core' data.
The other problem is that flying these things in formation is *hard*, and around Mars it would be even harder. You depend on tracking data to and from Earth, in addition to the spacecraft-to-spacecraft range, and thats harder to do since its further away. Maintaining data to Earth on a higher-gain antenna while maintaining orbiter point would be difficult, since the pointing constraints are not guaranteed to get along. Plus trying to get them into synchronized orbits is hard enough around the Moon, so Mars sounds potentially nightmarish -- of course, for that you might just have to put them on a common bus and separate them after Mars entry. Additionally, you'd need a bigger motor than GRAIL/GRACE have, in order to achieve Mars orbit.
Given the new development required -- new antennae, figuring out the pointing, a common bus with its own attitude control system and thrusters, and a larger launch vehicle, my WAG for the cost is probably around $800M (compared to ~$495M for GRAIL). Definitely doable under a New Frontiers program. Plus, my experience is with GRAIL and Mars orbiters, so I'd be employed for quite a while and thus like the idea.