Game looks great, but all this speculation that is clearly way off is just making this topic look silly. Come on guys, there's not a whole lot to talk about yet, we know almost nothing. Link, Zelda or Octorok, right now that doesn't matter. What matters is what kind of gameplay we can truly expect from this.
I think the open world aspect is a great idea, I've been saying that for years. It worries me a little bit though, that right after talking about how seamless the transitions between the different kind of areas would be, Link rides into some trees and we get a transition that's anything but seamless, before we're suddenly transported inside a forest. Yes, I get that this is a trailer, but it did nothing to convey the game they're making.
This was a shitty trailer. I'm expecting the game to be a lot better though, and despite it shittyness, the trailer gave me a lot of hope. I've said it before, and I mean it; if this game turns out to be brilliant, I will get a Wii U for it. It's the only game that has the chance to be my killer app.
I think the comment about Link not being Link holds VERY much spoilers in context. Think about it for a minute:
When is Link ever even named in game? The characters call you by the name you select. This pretty much can only mean one thing. If they hadn't said anything we would just assume that this was a different style of Link. The only way it would be clear this was not Link is if Link made an appearance in the quest outside of being playable. Things this could mean:
1) We play as the villain?
2) There is some sort of multiplayer or something were you can play as Link and this guy.
3) This new player is customizable and can interact with other real players somehow.
4) This character wants something different than Link would want.
5) This person is the hero of man in Minish Cap.
-Strike
This is what I'm thinking. It's Link, but it's also not Link. There's multiplayer involved, I bet.