The Legend of Zelda: Ocarina of Time remake launches 5th of November

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Yeah if it took them 5 years to come out with Skyward Sword, 5 and a half for BOTW, and 6 for TOTK, you're highly unlikely to see a next gen Zelda with PS4+ graphics in just 5 years, especially given how ambitious the Zelda team is.

Best to settle in for a long wait, and enjoy the Ocarina remake and likely other new side-games/spin-offs in the meantime.