In his regular Nintendo column for Novede.com, Glenn Bramich writes that the beloved Toon Link's time is all but up:
Toon Link debuted in a spectacular style. After two huge hits on the Nintendo 64: Ocarina of Time and Majora's Mask, Nintendo revamped an already seemingly perfect series for the GameCube. Before anyone had even played The Wind Waker, people had critisied Link's new look, saying the game will be too childish and it would loose it's edge. There were even internet petitions begging Nintendo to make Toon Link more realistic.
Between these two games, Toon Link made a surprise appearance in Super Smash Bros. Brawl, teasing what he could look like in a new game for the Wii, but giving no clues towards one.
Now, with Skyward Sword's almost perfect formula, it's hard to see a future for Toon Link. With a HD Zelda announced for the Wii U, you would imagine Nintendo wanting to show off Twilight Princess' realistic graphics, or the amazing art style of Skyward Sword.