There are probably Many other threads like this, but i wanna know, What is your favorite Item? Would you like to see it in Skyward sword? Or a whole new game? Just sayin.
The Spinner, by far. There were nearly limitless possibilities for it in TP, but like nearly every other item in the game, it was pretty much useless outside of Arbiter's Grounds (except for the occasional heart peice.) Yeah, I would like to see it another game, but not SS, just because it doesn't seem to fit with the game. Perhaps Nintendo will eventually bring it back. I sure hope so.
Bow and Arrows without question. I love them. They've always been my favorite projectile in the real world, too. They're so useful in Zelda and I'm quite good with them. I love the way they're integrated into the dungeons and how they play a big role in puzzle solving, and some final bosses require their use. No matter what the situation is, the bow and arrows will never leave my C-Right (for Majora's Mask and Ocarina of Time.) or X (in the case of The Wind Waker and Twilight Princess) buttons.
My favorite item is the Light Arrow. I find the epic in general. For the most part, they can kill most enemies in one shot, they are hard to get, and are usually required against the final boss in the games that they are present in. Because I said Light Arrow, I might as well say Silver Arrow, since they are basically the same thing, but I say Light Arrow because they look cooler in 3D with all the effects.
I love the Ice Rod in A Link to the Past. I love using it, it freezes almost everything that can move, (that is an enemy). But alas, it waste's too much Magic power.
Even though it only appeared twice, it became more useful to me than the sword in most places. On top of that it was upgradable, and then had the utility of lighting rooms as well as lighting enemies on fire. It does just about everything I want a weapon to do in a game.
Plus it is the only weapon with the unholy fury capable of taking down cuccos.
Sure, it's only appeared in Twilight Princess, but this item opened up so many gameplay mechanics, and i'm really surprised Nintendo didn't include a racing minigame with the spinner! so... yeah...
carina: The Ocarina of Time. Cuz I've been dying to learn how to play the ocarina just as much as I've been dying to get one.
:mastersword: The Master Sword. Cuz it's awesome. That is one epic sword, and powerful, too. My weapon of choice.
The Hero's Bow. Cuz I like to snipe baddies with it, add the hawkeye from TP and you've got yourself top-notch long-range sniper equipment.
One day... please let us see the return of the SUPER BOMB!
But in terms of dungeon items:
For SS, (because I assume the hook shot will be there) I'd like to see the return of the Fire and Ice Rods.
For future titles, I'd love to see the return of the 3 medallions from ALTTP: Bombos, Ether, and Quake. I think they'd be a lot of fun to use if the game were designed to utilize them on several occasions, especially for big waves of enemies.