This thread needs to die. There is no reason to make either movie. Zelda is an awesome game but would completely suck as a movie since the main character wouldn't talk the whole time and as someone mentioned before, it doesn't have the plot for a movie. There would get SO damn boring after the second dungeon.
Now an anime series? Hm... that might work if things are done right. And no one mention the stuff from CD-i or whatever. That never happened.
And Gears of War isn't movie material either. For mainly the same reasons.