It is more like a preset choreography to show the capabilities of the Wii U, the first time to see how it handles textures and effects for day time, second night time and the third is free reign to zoom, change angles or day and night and admire its capabilities. That is a very cool video and I know it upseted people it was not Zelda U.
It reminds me so much what happened with the Spaceworld 2000, the demo video showing link and Ganondorf fighting had people hoping for a realistic Zelda sequel to Ocarina of Time... then the Zelda in progress was revealed to be what we know as The Wind Waker. :XD:
So now I try not to make myself any hopes with any "tech demo". From all the stuff shown around I think Only luigi's Mansion became the product. Mario 1287 became pikmin and the rareware ones became Microsoft's property.
Anyway, so far so good, here's a video where GameXplains overanalises the latest video shown of Zelda U:
What do you think? :^o^: