orcishgamer: If they do that right it'll be the salvation of the brand, because the games themselves have stagnated horribly since Ocarina of Time, Wind Waker was literally the only fresh idea they've really had and mostly came down to an aesthetic style choice.
It's good they're rethinking Zelda, when you can only think "I already fucking played this one in 1999" it's not a good thing.
Elmofongo: You know they are not gonna put anything new if anything they could going to turn Zelda into an Elder Scrolls clone.
Another Example is that Zelda would end up like Final Fantasy since despite being my favorit game, long time fans hated 12 for changing the gameplay.
Long time fans are killing Zelda, at least for anyone but the long time fans. I can't say truly who has more "right" to have their cake and eat it too, but I can say "teh hardcorez" of any fanbase will usually be in the vast minority.
Games evolve all the time without turning into a Elder Scrolls clone, but let's take one that could easily be accused of being an Elder Scrolls clone (for fairly obvious reasons): Fallout 3 and Fallout: NV. Despite the similarities the fundamental "taste" of the game and reasons for playing it remain fairly consistent with Fallout itself. I'm not saying I like every single thing that was done, New Vegas showed there's massive room for improvement even when you do a basically good job.
And you know what? Fallout 3 sold well enough that we got New Vegas, which was so successful we're likely to get more Fallout games down the road. The old formula of Fallout was effectively dead, despite the warm place in our hearts we all have for it, the market didn't want it and the publishers weren't gonna make it. This is why I like Kickstarter because it will enable fewer of us to make a niche game viable, but the vast majority of the market remains the same.
Even if Nintendo ends up catering to the long time Zelda fans, said group of people will most likely still be unhappy, Nintendo has mountains of goodwill among gamers, but it's not infinite, the seams are starting to show and even though conservative seems to be the smart play right now, it's probably not.
So, Elder Scrolls "clone" or something else, a fresh take on Zelda would probably help the series in the long run. Tomorrow's longtime/hard core fans will, ironically, see it as "normal" as the existing fans see the obligatory water dungeon and hook shot.