I think this is one of my problems with it. I didn't mind the cartoony design of Wind Waker, and I don't mind the more realistic designs of the newer games. I really love the LttP artwork. But I think when they translated it to 3D, it went from good looking sprites to really cartoony clay. Everything just seems too cartoony, which I don't think is a style that LttP was trying to go for. Maybe if they made the colors a little deeper and didn't have everything constantly moving.
This is gonna be a bizarre comparison, but it reminds me of Roger Rabbit. When we first see Toon Town and all the buildings are bouncing and everything is in constant motion. That's the vibe I'm getting. Definitely not the more serious vibe of LttP.
Seeing as LttP is my favorite Zelda game, I'll still play it, and it'll probably be great. But I'm just not digging the art direction.