Sorry to revive this topic, but I have some news, taken directly from onje of the most trusted zelda fansites on the internet,
www.zeldalegends.net:
Someones sent me a clarification on the Zelda movie, which clarifies that Reggie did not mean that there will be a Zelda or Mario movie, but quite the opposite. I have quoted him in the next two paragraphs:
"Club Nintendo just reported in its main page that there was a mistake in this month's issue. In reality, there isn't any Zelda nor Mario movie planned. While it's being worked in a Metroid movie, there aren't plans for a Zelda one. Here is the translation of what the main page says:
In our November issue, in the Doctor Mario section, because of a wrong interpretation of the editing we published that Reggie mentioned it would be being worked in a Zelda movie.Something that is completely FALSE. The note should have said what follows: While Nintendo is working in a Metroid movie project, in this moment there aren't plans for a Zelda or Mario movies.
Club Nintendo assumes the mistake in its totallity."
Look on the bright side- it did make us consider what a Zelda movie could be like, and what we would like to see or not see.