The one thing I'm not too in favor of with the new Zelda is game is YET ANOTHER TOP DOWN GAME. Seriously stop that. A full-3D world has been proven to be possible as shown with Ocarina of Time 3D.
It's called A Link to the Past 2, so I'm assuming it's a direct sequel to the first one. So it would take place in that timeline.(the one where ganon wins.)
I could actually see some story potential in the game at least. It could connect some of the events that weren't really mentioned due to games not being invented yet.
But yeah, I'm not a big fan of handheld Zelda games. I'll probably still get it, but I'm going to be somewhat wary about it.
And I'm also bummed that Earthbound is coming for the Wii U and not the 3DS. Earthbound is the one game I have been forced to play illegally my whole life, and now I have the choice of shelling out $200 for a Wii U, or finding a Super Nintendo with a copy of Earthbound, which will cost more than $200.