Personally (and i'm popping in a little late here) I think the game itself "looks" really good as of now. The controls and everything looks fluid, but...
1. The graphics aren't that great, imo. I never much liked the WW style, but it looks like they mishmashed TP and WW graphics. The dark areas aren't dark, and the bright areas are... painful.
2. The game and the controls and their "Ease of Use and the big obnoxious HuD, they look like something you might see in Mario Party Wiix29!!
3. The plot ilooks stale. Practically a TP/OOT/LTTP mixandmashup. Floating cities. Check. Seperate "light" and "evil" worlds. Check. Transportation through both by "Master Sword". Check.
All in all, it looks relatively fun, and no doubt I'll get it. However, in my opinion, Zelda's real time ended with Majora's Mask. WW was kiddy fun, TP was "not zelda like" fun, and MC was altogether too short, (who the hell thought up a multiplayer zelda game for the gameboy!?!?!) and I'm not even going to comment on the two DS games.
Like people have said, trailer to complete project improvements are assured. I think it looks like a fun game, but not whatsoever zelda like in comparison to anything before it.
Yeah yeah, insert yelling mob here about how it's too early to make any judgements.