Joe Madueira or whatever it's spelled has been in the comic business for ever. This is his style, and it's amazing how well they actually got it rendered in the game considering it was their first game with a very limited budget.
I was hoping for a second Donkey Kong Country Returns, but let's be honest here: whatever Retro puts out will be awesome. As much as a Retro Zelda would be great, I'm kind of hoping it's either an IP that hasn't gotten much use (Star Fox, F-Zero) or them doing another sidescroller that isn't DKCR (like Retro's take on a new Mario sidescroller for Wii U, maybe?). Or, heaven forbid, a brand new first-party Nintendo IP would be sweet.
With Nintendo's protracted development times for console Zelda titles, the idea of two teams working on the franchise makes perfect sense.
Zelda has always been more popular in the west. I think Nintendo is still trying to figure out why. Putting a top tier western Dev on it with Japanese oversight makes the most sense, especially when the whole company is likely just wrapping their heads around the hardware architecture.