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The conference TheSource predicted would be in line with Nintendo's strategy at the moment. They probably don't fear a counter attack from Sony and Microsoft like last year(as in: they're not afraid of them announcing motion controllers and stealing Nintendo's audience), so that would mean that we won't get another E3 2008, and they'll be focussing more on moving upmarket.

Of course they'll put a lot of attention in the Motion Plus, as that's the weapon they're going to use against Sony and Microsoft: a Wiimote capable of doing controls required for core games on the Wii.
The focus on what's descibed here as indie-games could be there, but it won't be about those games being ''indie'', it will be about the new ideas those games presented, and how succesful they were.
The final motion initiave seems unlikely, I think they'll rather focus on the WM+ for now. But if it would happen, it would be another asset to Nintendo's moving upmarket.
The Zelda announcement would be a given if Spirit Tracks wouldn't have been announced, but it might still happen. Also, a new Zelda would be a huge core game, and that's what they're going to need if they want to ''attack'' Sony and Microsoft's audiences.


Would I be happy? DUDE.... It's Zelda! Of course I'd be happy!