Helios on 12 February 2012
If people actually put in a little effort and followed the chain of links back to the original source (which I have no idea why the OP didn't just link it in the first place), they would know this is 1) a rumor, 2) relating to a supposed 3D game using "hand-painted" textures.
This doesn't tell us much of anything - certainly not that there is some connection to any previously established Nintendo IP.
The Wind Waker isn't even cel-shaded, for the record. It lacks the monochromatic outlines characteristic of cel-animation, which is why Nintendo refers to it as utilizing 'toon-shading.' I seriously doubt Retro's new project has anything to do with the GC Zelda.
