There's so much to talk and speculate, but I'll start with some questions and let you know my thoughts in the replies.
How do you guys feel about the revelation of a movie being in the works?
Are you okay with it being live action or do you think a different medium would suit it better?
Are you hoping for an adaptation or an original story? 
How do you guys feel about the revelation of a movie being in the works?
I'm kinda excited, but I like to reserve my judgment.
Are you okay with it being live action or do you think a different medium would suit it better?
With the technology we have today, I'm okay with it being live-action. As long as they don't make it too visually dark, like the DC movies.
Are you hoping for an adaptation or an original story?
I think I'd prefer an adaptation just because I don't want them to add to the canon.
I'm kinda excited, but I like to reserve my judgment.
Haha. Fair enough.
It is a very weird feeling for me. to be completely honest at times it still feel like the it is just a rumour. I've lieved through decades of people faking movie posters and debating whether a movie would be a good idea or not.
In fact, I cannot think of a Zelda movie without thinking of that one fan film "The Hero of Time" by BNB Finishes. I remember how they talked about taking years to make it but then they tried to put it in small local cinemas or something similarly profit, if I remember correctly, and Nintendo fell on them straight away. it was close to Christmas so they let them have the online film but to be deleted right after. I mean there are some pretty interesting live action shorts around that will give me hope, but I also feel like it is going to be difficult to create a a movie that will be without controversy. I feel as a community of passionate fans there will be a lot of nitpicking in just a few moments of a teaser, haha.
So I am curious and I will probably will be there on first row when it comes to the movies but I am also keeping my excitement restrained until more is revealed.
With the technology we have today, I'm okay with it being live-action. As long as they don't make it too visually dark, like the DC movies.
I always thought the series would go really well in 2D animation or even CGI given the fantastic work of recent 3D films. CGI has definitely gotten better but also, point taken that this also applies to the CGI effects inserted in live action movies, a lot of the effects from studio to digital ones definitely blend better than what they did some decades ago, hahaha.
I think the first hurdle is going to be who they choose to play which roles.
I think I'd prefer an adaptation just because I don't want them to add to the canon.
Oooh, that is an angle I hadn't even considered. I was thinking that I'd rather an original story so we don't pick apart every little thing they do differently to adapt it.
I'm concerned about the upcoming zelda movie. Honestly, every game-based movie has been a dud since the 90's. I'm also very concerned about the rumoured metal gear solid movie.
I don't tend to worry about the quality of things like this. It'll probably be bad because:
Of course who knows? It might surprise us. I never would have expected the Barbie movie to be as good as it was (which isn't to say it was flawless, but it was at least consistently interesting.) Maybe some artists with vision will figure out how to do something great with it. The real stumbling block to that is probably Nintendo themselves.
Konami had some recent success with the Castlevania series, so it's at least conceivable that they have an idea of how to get the right people to adapt Metal Gear.
If either or both of these are bad, it doesn't really affect me. I will live in a world without a good Zelda/Metal Gear movie, which is the same world I've been living in all my life. The good games will still be good games.
