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Nintendo worked to make it - and marketed it as - "better than OoT" but sales clearly don't reflect that. It's a flop in the sense that it failed to live up to expectations and rejuvenate the series in Japan like they had hoped it would. Obviously it did quite well overall (third best selling Zelda WW), but this explains why Miyamoto thinks people just are not as interested as they were when OoT was released. Personally, I think there are other explanations, but I don't work for Nintendo so it doesn’t matter.

I don’t get why you’re making such a big deal about this anyway. TP wasn’t exactly the best thing to ever come out of Nintendo. Then again, OoT wasn’t either.