Looks fantastic! Hopefully there are controls for adjusting the 3D stuff especially for low-end users with crappy video cards or for anyone in general
I'm hoping very much that it plays similar to Zelda64. I can't see it working very much any other way other than standard FPS style using 10-key for controls and mouse for looking and attacking. Either way would probably get the job done pretty easily. The dev tools are what I'm waiting for