Allright... But you have to wonder why this wasn't announced at E3, at least with some vague alpha screenshots. However, I'm absolutely inthralled. Wind Waker, while not leaving much open in the way of Hyrule, certainly left room for a sequel.
Granted, there will be hell to pay if Zelda is permantently turned into a Cel-Shaded franchise. After playing WW I see why they did it, and I think it was probably a good idea. Also a direct sequel should obviously be simular in style, but whenever the next Zelda comes out, probably for the 5th gen race, I'm kind of hoping to see a darker, edgier title. See the way I see it Zelda games really come in two styles, Light and Dark. Light titles would be Zelda 1, Zelda 3 LttP, the GB zeldas, and Wind Waker. The Dark titles would be Zelda 2, Zelda OoT, and Majora's Mask. Before wind waker there never was a light 3D Zelda, so the Cel-Shading thing was a good thing to introduce, but I'd love to see the dark, grungier style in OoT revisited on more advanced hardware. The series obviously has room for both.