Mr Iwata spoke to Asahi Shimbun stating that the next Zelda game will be released in 2010 and will be shown at E3 2010. As mentioned in November, “So far, the basic flow of the Zelda games is you’re exploring a field, you go to a dungeon, you conquer it and return to the field. We’re looking at altering that traditional flow. That’s all I can share, and I can’t say more until E3 next year.”
Google Translated statement: “To keep the excitement in the future is important to continue to put selling software” as a new game controller with a read pulse announced in January 7, also indicated his intention to release as soon as possible. Popular series “The Legend of Zelda,” the sequel to that released by the end of 10. – Asahi.com [source]