Honestly I'd love a Wind Waker in 1080p (the scrapped dungeons would be a super awesome bonus I don't expect). My argument lies in the Dolphin thread.
And I don't think Wind Waker's style needs to be retired. Hell, if anything, now is the time to use it. Nintendo's first HD console would showcase it beautifully.
I like to pretend the DS Zelda games never happened, and FSA wasn't really a mainline Zelda, so I don't really feel like the Wind Waker style is played out just yet. Retiring that style while releasing an HD console for the first time is stupid.