Zelda U RUMOR: Tech Demo graphics, Open World, TP direct sequel, E3 2014 reveal, more...

[NintendoPie]

If they go this route, I'd be surprised if it worked out well.
Luckily, I don't have to worry. This is definitely someone taking everyone on the internets wishes and stuffing it into one huge rumor that'll make people disappointed when this type of game isn't announced.