Step 1: Energy conversion.
The total mechanical energy at the top of the inclined plane is potential energy \( Mgh \), which is converted into rotational kinetic energy and translational kinetic energy at the bottom. The rotational kinetic energy for a rolling object is \( \frac{1}{2} I \omega^2 \), where \( I \) is the moment of inertia and \( \omega \) is the angular velocity.
Step 2: Rotational kinetic energy of a solid cylinder.
For a solid cylinder rolling without slipping, the moment of inertia is \( I = \frac{1}{2} MR^2 \), and the rotational kinetic energy at the bottom is:
\[
E_{\text{rot}} = \frac{1}{3} Mgh
\]
Step 3: Conclusion.
Thus, the correct answer is (A) \( \frac{Mgh}{3} \).