OMG is that from Little Nemo's Dream Master, or whatever that NES game from Capcom was? I LOVED THAT GAME! I wish I could find it around today...
Anyway, one of the theme's of the latest Zelda, I think, is going to be badassness. I mean come on, just that trailer was badass. I think Nintendo is going to try to open Zelda up to even more action-oriented gamers. Whatever it is, it's already looking hot as hell.
I would agree if it wasn't for MP2 having a similar kind of theme.
I'm guessing fire based on some of the stuff in the trailer and the fact that it would a be natural step after Wind Waker since wind and fire are both primary elements in classical thought.