But that doesn't make any sense, since we've had games after Wind Waker (Phantom Hourglass / Spirit Tracks), and the new Hyrule they found is definitely not the same old Hyrule that was flooded so there wouldn't be old school Hyrule stuff like the bridges. In fact there wouldn't be a Deku Tree or Kokiri either, since you have to assume they stayed in their grotto in Hyrule.
Look at it this way, since Ocarina of Time (not including Majora's Mask) we've had three major 3D console Zeldas, a game that takes place after the "child" timeline, Twilight Princess, a game after the "adult" timeline, Wind Waker, and a prequel to Ocarina, Skyward Sword. It'd make sense to do a new Zelda that takes place in the one timeline we haven't been to in a 3D Zelda game. That would also provide context to the one timeline that made everyone say "huh". That would explain why there's elements from both the other timelines in this timeline (plus elements from the 2D games we know are in this timeline).
I'm not 100% sure if it's the Link I had mentioned, but I think it's pretty clear it's in the "Hero has failed" timeline. If you don't believe me, I propose A BET. Loser has to change his username to a name picked by the winner for a whole month. WHAT DO YOU SAY?!?!