Well, it's stupid enough to do sosmething like this, but with TP? It's only been out for about three months. It's the biggest Zelda game by far, it's taken TRM enoguh time as it is to make a game a fraction of the size, and he's had spriting help and gone through many iterations (if it exists). All the FAQs, glitches, etc. haven't even been found.
Why the hell do people even like the GB style? It's undetailed, and it basically sucks for fan games. At least make something good. And you can't even emulate the interactivity of the Wii version. What about all those minigames where you have to aim the arrows, such as when you have to hit the pole in Kakariko Village and get the heart container? You just can't do that in 3d.
Don't do this. You're doomed to failure. And everything that .TakaM said, too.