IF Zelda is coming soon, I think it'll come early next year, ie. January/February/March.
The holidays are always gangbusters for Nintendo, and with Mario Kart, Smash and (presumably) their NFC game being around for the holidays they won't need Zelda to see the Wii U at Christmas. When they will need it is after Christmas, when older kids have spending money and people are starting to tire of the games they got as presents.
I think they would be better placed if they used it early 2015 to keep momentum from the Holidays going. If it was released a week or two after new year (when the Japanese holiday peaks), to get some hype away from their main sales season, and in the relatively quiet season.
Although I'd love it to be out for Christmas :p
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