Quoted from adol75:
The last time Nintendo gave a Zelda license to a third party, this catastrophe happened. On Philips Cdi gaming system, I don't even know if it made it to the states. As much as I would love one, I don't think licensing is in their cards, it doesn't pay much, it loses the brand and this brand doesn't need any additional marketing support.
Did you miss the Capcom Trilogy, LTTP and 4 Swords. The have a long history of licensing Zelda. That cartoon was the first attempt and granted it was terrible but the Capcom Zeldas were great. Nintendo has licensed all their major IP.