This thread amazes me... The thought that someone thought Nintendo was making an online Zelda game, or the thought that someone was hyped about it... I don't know which I find more amazing.
Personally, it would take a freaking miracle to get me to warm up to the idea of an online Zelda. The core of the game is in the single player. To go online would mean losing that. (If it wasn't a 4 swords style game)