I see people bringing up the reincarnation cycles, but according to canon there are at least two other members of that cycle- Ganon and Zelda. Having been a fan for a while, I've always interpreted this dynamic as the courageous hero coming-of-age, the wise maiden who has untapped magical potential and a cunning villain who relies on brute force and cunning.
Yes, it's an overly romantic interpretation, but I've always seen females in the Zelda series to be wise, omnipotent beings- not just the four goddesses, but Impa, Midna, the female sages and of course Zelda.
Of course, having a female Link might not go against that, one could have a courageous but slightly dimwitted heroine who gets their shit together, but it doesn't fulfill my personal power dynamic of how I see the main characters of the series.
This seems a bit superimposing, but what I'm trying to say is that making Link female doesn't really do anything for me when there are already powerful female characters in the series that they could create or that already exist (god I would LOVE an Impa game) and that's why I'm hyped for Hyrule Warriors, but changing the gender of an established character for the sake of change seems silly to me.
I'm totally for a Zelda game with a female lead, and I despise the portrayals of females in video games in general, but changing Link is just... pointless. My dream Zelda game is still one where you can play as Hylia with magic powers before Skyward Sword.
But being that I'm a 16 year old teenage male my opinion probably doesn't bear much in this discussion.
Actually I realize that I'm coming off as a bit sexist with my "interpretation of females" in the Zelda series, there could definitely be a female character who goes against that and I'd love it, I just care little for Link's gender changing for little reason.