Stop being so ungrateful people. Sheesh, it's been almost 5 years since Twilight Princess, and after finally seeing a good amount of details about a new game, all you're doing is complaining about how it (kinda) looks "cel-shaded".
Sheesh, it's called style, and frankly I think it works nicely. The Wii isn't capable of super hyper ultra realistic graphics, and to be honest, would anyone want a Zelda game THAT real looking?
The way it's being actually looks to benefit from both worlds. The realistic character design allows it to convey a possibly dark theme (although let's face it, all the games have had some dark elements in the past to some compacity). While the toonish touch allows for range of color and detail that'd otherwise be hard to achieve with the Wii's limited graphics (again, bringing up the fact that no one probably wants an "Uncharted" looking Zelda game).
Also, how does it look like an N64 game? No game on that system ever looked this. It's not blocky, the characters don't look all jagged withy clippy joints and pencil thing fingers.