Imagine a Zelda game in full HD playing straight from your TV. This is one of the scenes that Nintendo showcased at E3 2011.
IGN has an article describing the paths that Nintendo can take with the “Future of Zelda.” It hits on the future of 3DS Zelda, HD Zelda, and remakes of classic Zelda games.
In addition, there is a poll at the bottom of the article were you can vote for which Zelda you want to play next. The full article can be found here.