Is Eiji Aonuma lying?

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Of course not. Aonuma find magical new ideas months before release and decided that Nintendo should delay their biggest game in the year. Those great ideas can't wait for another game, just like the mask transformations and NPC schedules on Ocarina of Time have to wait until Majora's Mask.

Those great ideas are worth the delay and greater investment. Financially, it also makes sense as the throw even more money in an already expensive project that it could well need a pair of million copies sold to even break.

I trust Aonuma.