That image has been circulating the net as being a leak from Miyamoto's roundtable Q&A event where he showed off a piece of art work for the next Zelda game.

Hard to really tell what's going on since the picture is so blurry or if it's even real but you can bet it won't stop people from speculating and getting hyped.

btw. Take a look at the sword/sheath on his back. Kinda reminded me of...

Majora's Mask sequel? Well TP was essentially an Ocarina of Time sequel. So its very possible.

It's been confirmed that it's some girl. I'm guessing it's the Fairy Queen from Wind Waker.

I heard mentions it looked like a Zora (ya know... when its not a dodgy photo)

Ya Miyamoto said it was link standing with his back to us with his head turned and a small female in blue to his back

That's an interesting picture...It kind of reminds me of this:

http://upload.wikimedia.org/wikipedia/en...tWoods.jpg

If you want to know my prediction in the matter, here it is...

Miyamoto is probably getting tired of playing off of Ocarina of Time and is going back to more original roots. I have a feeling he's going to develop something completely new, with a similar but distinctly different art style too.

Kindrik Wrote:btw. Take a look at the sword/sheath on his back. Kinda reminded me of...

This.

Guess we'll have to see what it is when it comes out.  
In any case: I hope that's Feirce Deity Link's sword!