Zelda U is highly unlikely to release next year

[Asriel]

DerNebel said:

Zero999 said:

Iwata stated that. if you want a source, google it.

Seriously? You make a statement like that and expect me to find the source? Dude, I don't have to prove that what you said is true I will just assume that it's not until you give me a source.

"You have limited time and people, so there's bound to be something left over. But five years is a long time. (laughs) Can't you do it in three years next time?"

http://iwataasks.nintendo.com/interviews/#/wii/zelda-skyward-sword/8/3

That obviously needs to be taken with a huge pinch of salt. I remember this being reported as Iwata seriously giving the Zelda team three years, so it's possible he made further comments I haven't seen yet, but this is what he said in the Iwata Asks.