One particular comment that is being said often in discussions about the trailer is that the areas look very well-done and all of them are easily recognizable from the original game. Given the 3D -> 2D transition that the title underwent, this is actually commendable.
Indeed, many of the areas look like they could have been designed by the actual team behind the original “Ocarina of Time”, and it would be interesting to see if the final game matches this level of quality all around, or if there will be some details that could use some improvement.
Judging by the current trends, we expect that the developers of the game will keep his fans regularly updated with their progress, and we wouldn’t be surprised by a pre-release version at some point as well.
Hopefully this project won’t be brought to a halt forcefully by Nintendo as they have done in the past, but the community seems convinced that as long as it’s not directly stepping on the studio’s toes, it should be able to get by without any issues. Who knows, Nintendo might even decide to do the unthinkable and give the project some support and/or endorsement, but we realize that we’re pushing our hopes a bit far with such thoughts.