well for me that is good news because know i now that i dont need to waist almost 150 pounds just to play 1 game for at least another year and a half

I would not be surprised if it was 2010 or even 2011. Zelda games are only once a gen thing or 2 if we are lucky. With them focusing most of their resources on expanding the market (casual games) it may be a longer wait than we think, unfortunately.

Holidays 2010 or early 2011, that's the earliest.

I hope it's cell shaded, and goes back to the whole island theme of wind waker. The only they do need to fix the sailing though.

I agree with people who say early 2010. I don't think late 2009 is impossible though.

The key here is definitely the implication that it "could be" announced at E3 which, gives off some information about where it's at in the development cycle.  This is especially true if you consider their publicly stated policy of keeping titles close to the vest until they are ready to launch in the short term.

With that said I have to agree that assuming these two specific days are the only possible days to announce the next Zelda game is somewhat naive in this case.  With most games I think it would be a relatively safe assumption, but with a Zelda title the news is easily big enough for it to reverberate around the gaming world all on its own without the need for a convention to boost it up.  In fact a convention, and the gluttony of news that it entails, could dampen the impact of the announcement.  If it were my call, which it obviously isn't, I would do it between E3 and TGS or right after TGS (assuming the game is ready for an '09 release), and then back it up with a big media blitz before a late November release.

Yes, but lest we forget, Miyamoto had to intervene on Twilight Princess, the famous "upend the tea table" thing, which set development back considerably.

Not that i believe it will be holiday 2009 myself, but then again my bet is on March/April 2010

No miyamoto didn't upend the tea table with twilight princess.. Look up the Iwata asks on Twilight Princess development

Did you play Phantom Hourglass?

Puffy, as far as my memory is concerned, Miyamoto did do the famous "upend the tea table" for TP.

Without this news, I think Fall of 2010 looks pretty likely. 2009 just seems to soon for a Zelda game that hasn't even been seen.

However, if a Zelda game comes out, I do think it would be something like Zelda Four Swords Online. Because that would be the likely step in the Four Swords series is to go online. And that, probably won't keep as long as a real zelda game to make.