I just watched the Nintendo E3 feed and they just showed in game footage of a new Zelda game for GC and it is not cel shaded. It is the Zelda game that everyone wanted Wind Waker to be. They didn’t give a release date, but rest assured that the game looked fantastic.
Edit: Here is one of the screenshots from the video.
Edit Again: I added all the images I could get to our Wind Waker 2 thread even though this may not be WW2. I also have the video from E3 uploaded for anyone to see.