NINTENDO HIRE THIS MAN! Releases "2026" with no gameplay footage and not even a proper "cinematic trailer" really doesn't give confidence in the state of the project. Furthermore, they already screwed up the art style of OoT on the 3DS, so this game is guaranteed to look bad. Also, Link's hands are noticeably low-poly. I don't play modern games, is that normal?
From Nintendo's perspective, they already have heavy-hitting Mario and Zelda games exclusive to the Switch 2: the Switch 2 editions of BotW and it's remake, the Switch 2 edition of Mario Wonder, and Super Mario Galaxy 1 & 2. This is a very "modern games industry" way of looking at things, Sony views Demon's Souls as the killer app of PS5 Pro, so it's not likely to change unless the whole industry goes through serious hardship.