I came across this the other day on YouTube and decided to research it a bit further. Legends and Adventure - A Zelda Fan Site
It looks like some Zelda fan site is making an Unofficial Zelda movie and plan to release it. You can watch the trailer for the movie on YouTube if you would like.
Now, I'm not much of a movie critic, but I know what I like and I don't like this. However I am a massive Zelda fan and this is such a poor attempt at turning a much loved classic game into a film. Not only does Link look like he belongs in some hair product advert, but the general feel is very cheesy.
Now for a short legal thought... There is no way in hell Nintendo are going to let them release this as a film (which they plan to do). All I can say is, "Prepare to be sued so badly".
Shame that Nintendo have yet to bring Zelda to the big screen... I could imagine it with a Lord of the Rings feel.
Just wondered what everyone elses thoughts are.