This new game does not have a full title yet but it will take place in the same world as The Legend of Zelda: A Link to the Past. The 3D effect will come in as Link can literally traverse to new heights in areas via platforms that can launch him into the air.
A Link to the Past was the first Zelda game that I played and I think that that game holds up to this day. Revisiting that world in 3D is just hitting all the right nostalgia parts on me. And the best part about this? The game will come out in the holiday season of this year!