SOUNDS EPIC!! I hope this is all true. From the recent trailers, the game did have a sort of 'ancient' look to it, with the Buddhist statues and such, so that goes together quite well with these rumors. Also the young Ganondorf thing makes sense in this context. Remember that the person who made Minish Cap had a big role in this game.
However, one thing about these rumors has me screaming FAKE:
"- Ten minute live-action prologue that'll be posted on the net a couple of months before release."
This doesn't sound like something Nintendo would do at all. Live action?? Ten minutes??
what is this, Zelda: Other Z?? 
Until you've played it, every game is a system seller!
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mini-games on consoles, cinematic games on handhelds, what's next? GameBoy IMAX?
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