For some reason the video isn't showing up here for me, I'm not sure where the problem lies there. This actually looks great. I've always liked the 2D zeldas better anyway, so I might be biased. It's got a real Link to the Past vibe to it but with some interesting paper mario-esque mechanics that could be interesting, depending on how it's implemented (I thought paper mario could have been way better, the central mechanic seemed like a great idea but it was kind of abandoned in favor of endless fetch quests and boring dialog). This one brings back all that vertical 2D stuff from the gameboy ones I liked so much (think dungeon 7 in Awakening) but it looks like it might actually be more navigable. Man I really want to play this.
Huh, Here's the link: http://www.youtube.com/watch?v=aBaWPJA05SM Well, the overworld is pretty much the exact same thing as Link To the Past. And the Japanese title is literally "Link to the Past 2" (well, the Japanese name + 2).