In the recent leak about the 40th Anniversary you can see how Nintendo made prominent use of the 8-Bit Link from the classic The Legend of Zelda, featuring the above the sprite art. Considering that Ocarina of Time will likely become their biggest hit for the later year, this is rather curious and has me thinking that they may also want to do something special with the first game.
Back in February, I discussed how a remake in the style of Link's Awakening could look like, but maybe they want something in the game's original 8-bit style. And one of the most interesting things would probably be the "2D Zelda prototype" that was made during the development for Breath of the Wild:
They could realize this as a full game or remake the original The Legend of Zelda with the same physics systems, where you can burn down entire forests or swim freely across the rivers with a self-made raft. Something like that.
Alternatively, they could take the NES classic and turn it into some kind of multiplayer experience. Nintendo loves doing quirky stuff for their Nintendo Switch Online service, sometimes even time-limited, like Super Mario Bros. 35.
Or we might be looking at a basic "Zelda Maker", which only supports the classic 8-bit style, but let's you freely make entire game worlds with a number of dungeons. You may even be able to recreate the BS-X Zelda maps in this one.
These are just some ideas, but I have the feeling that the 40th Anniversary will have one surprise in the stores for us, which the majority of the audience out there isn't expecting right now. Everyone has their eyes on the Ocarina of Time remake and the Zelda movie, where I have high hopes for both of these, but this leaves room for something unusual in the middle of all the hype.







