The lights are on
I have hope that maybe, just maybe, Nintendo will give its blessing to this Legend of Zelda fan-film. Jack Ebensteiner, an animator who has worked on BioShock Infinite, Darksiders 2, and most recently, The Last of Us is working on a Zelda-inspired project that appears to shrink Link Minish Cap style.
According to Ebensteiner's "PencilTest" Tumblr, the project (seen in brief animated GIFs like the two below) is being made with Maya, After Effects, and Photoshop. Video and photography are being handled with a Canon t3i.
We’d certainly be willing to play a game that looks as good as Ebensteiner's Legend of Zelda tests. You can see more on his Tumblr.