Here it is at long last. The first hint of things to come as far as Zelda for Wii is concerned. More importantly, here’s a little context from an IGN interview with Miyamoto before everyone starts to analyze the image:
Miyamoto: Well, the story setting for this Zelda is, of course, in a completely different era and Link is older than he was previously. More approaching adulthood. There is one hint. Maybe from the art work you can see that he’s not holding a sword.