I'm thinking it will be two different characters for three reasons:
- As you said, their play styles are so different, why not make two different characters instead of one that can go back and forth?
- Why would they make such a big deal out of her intro in the E3 trailer? I suppose this isn't really the best argument though so on to argument #3...
- She could be like Zelda/Shiek, but she really couldn't go back and forth. It would be kind of a one wya thing and I just don't see that as working. It just wouldn't make sense to have that one time transformation. It would make much more sense to just have two characters.