Ocarina of Time 3D isn't anywhere close to what that picture portrayed.

OOT3D looks like a choppy old PS2 game compared to the clean, comparatively not-jaggy look of this new game.

I do not have problems with games like Super Mario Galaxy or Skyward Sword, but games like New Super Mario Bros or this are what put Nintendo under such scrutiny. They've been doing this for a good 30 years now. On the other hand, Naughty Dog is no longer developing Uncharted and has moved on to The Last of Us, just like how they stopped making Crash Bandicoot and Jak & Daxter. Nintendo will likely be making more Mario, Zelda, and Pokemon games long after I die.

Graphics aren't bad, and yes they could've used full 3D graphics like this and even better graphics. The 3DS is capable of run games with those graphics. Just look at RE: Revelations. 

I fail to see how that's a good thing, because I enjoyed both those franchises much more than what Naughty Dog is doing now.

The game looks like It could run in a normal DS.

And 4 of those 9 games were released in 6 years, there were 4 Uncharted's 5, pretty even if you ask me.  But look; I'm not saying Mario only rehashes games, I'm saying they've recently been relying on it.  This entire Nintendo Direct (Please correct me as I haven't watched it), but what was announced?  Zelda Altp 2, Yoshi's Island 2, Mother, and a translation of a game.  What has come out for the Wii U?  Mario Party 9: Nintendo Land (Though i haven't played Nintendo Land yet, so let me know if that comparison is terrible), New Super Mario Bros. U and what else?  An updated port of a Zelda game and a repackaging of Kirby's Epic Yarn.  On the 3DS side of things, Mario Kart 7, New Super Mario Bros. 2, Luigi's Mansion 2, Mario 3D Land (Which is essentially 2D Mario with modifications) and Fire Emblem (Whatever number this new game is).  Now this doesn't bug me as much as it's "More of the same".  Where's the wow factor?  I'm disappointed with this Zelda game because they could have done so much more.  I'm disappointed with Mario right now cause they could have done so much more with the games.  I'm disappointed more people didn't like Metroid: Other M cause it really revolutionized combat and the overal Metroid game style.  This is what's bugging me with Nintendo, they can do so much more, they have the talent, they have the money to expand, but what are they doing?  Playing safe bets, why should we be content with that?

Odd that they're keeping the same overworld. As far as I can think, that's never been done in Zelda before. Makes me wonder if the game will play more like a Master Quest or Second Quest version of A Link to the Past, with redesigned dungeons but remaining the same game at its core.

The appearance of the hammer and Moldorm (the boss shown) doesn't do anything to reassure me. What if it's fundamentally the same game with redesigned dungeons and a new "plot" -- or rather, new reasons to do the same things as before?

I suppose that wouldn't be so bad, though of course I'd prefer an entirely new adventure, with some changes to the overworld, new characters and sidequests, new dungeons entirely (with different overworld locations and all). With the team not being asked to design a brand-new overworld, I suspect that the developers might be Grezzo.

Series fatigue, it's why there's no more Guitar Hero or Rockband.

Out of touch?  People have been clamoring for a new 2D Zelda with more emphasis on combat for years.  If it is following in the footsteps of A Link to the Past, this is that game.