Also, and other people have clarified this, most of us in this debate ARENT arguing that Link "should be" made female. I don't think very many of us care that much. Most of is are just arguing that Link COULD be female and it wouldn't break canon, against the people arguing that Link "can't ever be" female because...well, feelings and status quo.
If that's the argument, then yeah, of course an incarnation of Link could be female, provided Nintendo seed the proper justification. I don't see why not, it's not really a matter of opinion but what the developers decide to do.