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Many likely read the title and began to face-palm. Zelda is a high fantasy style game, it can't possibly be some futuristic steam punk or sci-fi type game. I mean come on, that's not Zelda. We would lose the essence of the series and in the end, lose a majority of the fan base if the series went in that direction.
Of course this ignores the fact this almost happened anyways. For those that need reminding, the original concept for this came from Miyamoto himself. According to Hyrule Historia, Link's name originally had nothing to do with the “link” between the player and the character on screen. Rather, the name had to do with how he “linked” with the past and the future. In essence, the original premise for the Zelda series involved time travel with a distant future.
These concepts were only further brought to light in the early work for A Link to the Past, where we can see actual concept drawings for such an event. For those not aware, A Link to the Past is essentially what Miyamoto's vision was for the original Legend of Zelda, except as fate would have it instead of the light and dark world it would be the past and the future. This never came to pass for whatever reason, and as such we have the series we know and love today.
Still, if this was one of the founding ideas that was scrapped, is it not possible to execute in some fashion? Other RPG-style games have some how blended high fantasy into futuristic atmospheres without a hitch, and there have been plenty of “high-tech” things in Hyrule over the years. While much of this technology appears to be from a distant past, it's clear there was an idea of a pretty high-tech Hyrule at some point.
Would it honestly hurt us to finally visit that time in Hyrule? When technology ruled the day? How were weapons formed when things like laser beams existed? The fact is that high-tech Zelda exists in the lore already, so a distant past or far off futuristic game is far from something we should scoff at.
In looking to the past lore, we could argue that doing so would only uncover an extra, not fully understood, layer of depth in the Zelda mythos. In looking to the distant future, we could finally see what has become of Hyrule as it welcomed technology back into it's world.
In both Skyward Sword and Twilight Princess we get small tastes of times long forgotten, a period that could easily repeat itself in the future. The question becomes: Should Nintendo stop beating around the bush and just give us that version of Hyrule? While many may oppose, I say let's just see what happens. While you're at it Nintendo, let me see what happens to the people I just saved too. It's a bit tiring saving the world and then never seeing what becomes of it.