I don't think Nintendo will move it. They're stubborn like that. Honestly I'm pretty much Zelda-ed out at the moment, so I really don't care personally one way or the other.
The launch lineup for Revolution will have to be better than either the N64 or GCN though or the Revolution will probably be over before it starts. The competition is going to be intense between Sony and MS right out of the gate this time.
You can't really gauge what a "good launch" is from Nintendo fans either. They were going crazy over Pikmin and Luigi's Mansion at E3 2001, and neither had serious market impact.
Say what you want, but Perfect Dark and Conker's Bad Fur Day would have helped the GC launch out tremendously instead of doing relatively nothing on the N64. Zelda being on the GC is not going to catapult the system from being a relative dissapointment to a smashing success ... no game that late in the game can have that sort of impact.
I wouldn't be surprised if it actually sells less than Zelda: The Wind Waker, simply because much of their audience will have moved on (also look at the sales drop between Zelda: OoT and Zelda: MM).