I found out about this a few days ago. To be honest I felt skeptical about it. On one hand I was happy to see another Zelda game out, yet on the other hand I questioned about it looking more like an enhanced remake than an actual sequel. However, last night after realizing that Eiji Anouma was behind the project too, I remembered a Skyward Sword related article that hinted about a possible Link to the Past 3D remake. I put the pieces together and came to the conclusion that it is a sequel cleverly disguised as an enhanced remake of the original game, which is a unique twist.
I doubt that Ganon and/or Agahnim will be the main antgonist(s) considering how they were both killed previously, but anything can happen. Still, I doubt Nintendo would do a rehash of the same story. They always go with the "same characters, difrerent settings" approach and direct sequels do appear once in a blue moon.
Examples:
LoZ->Zelda II
Ocarina of Time->Majora's Mask
Oracle of Ages->Oracle of Seaons (or vice-versa)->Link's Awakening
Wind Waker->Phantom Hourglass->Spirit Tracks.
Also on a curious note, the "Decline of Hyrule" timeline on the Hyrule Historia Timeline actually has the most sequels out of the 3 branched timeline stories with 6 games total (now 7 Counting the ALttP sequel).
Sorry if I'm nerding out about this. I just found it interesting to share.
Overall I'm mainly interested in the story this time around. We'll just have to wait and see what else will happen.
Saminat
Well freak, maybe I should think about getting a 3ds yeah?