Okay, I read this rumour. And I believe it may be true, also a rumour about Phantom Hourglass being delayed (Well duh, saw that one coming)

If it is true then I'd say at this stage they would only be working through story concepts and design stages. I wouldn't expect it for another good year and a bit. Nintendo released two Zelda's on N64, two on GCN and will probably have two on Wii (And no, TP doesn't count as a Wii Zelda)

If the next one doesn't have an orchestrated soundtrack I will be so very cut at Nintendo. We're past the stage of lame MIDIS, they must learn this. Koji Kondo's music sounds beautiful when done by an orchestra.

I'd like this one to take advantage of 1:1 sword fights. Not through out the entire game, but lets say a special event like Link squaring off against some sort of fencer. Kind of like the sumo mini games in TP... oh yeah, more sumo fights! lol