Except this isn't 500 years ago. This is 2013, and today, Link doesn't look very cool.
First you just made Scotland angry.
Second of all, Zelda games aren't set in modern times. They are mostly set in some kind of medieval universe, with occasional random out of place technology which can be explained by the existence of magic in their realms. This is the reason why guns and whatnot will never rightfully belong in a Zelda game. And no I don't mean a literal medieval universe where we can translate it to the year 1101 or whatever, but signs would indicate that is the kind of vibe we have there.
Anyway, I don't really care what Link wears, although I like the idea of changeable useful tunics. That was one of the things OoT did well, though I agree there could be more.
I preferred a slightly darker-haired Link though, e.g. TP, much cuter
As for Link's age in respective games, I don't think you can judge the age of toon Link's against more realistic looking Link's because they are cartoons, end of. I assume WW Link was 9 or 10 though, as in OoT Link. MM Link was supposedly about 12 or 13. There seem to be various ages for Adult Link, though he seems to be the same age as OoT Adult Link in SS and older than that (maybe around 19 or 20) in TP.
I don't know if I would do away with child Link completely though. I think maybe if they could somehow use both in a game again, like in OoT. I liked that there were parts that had to be done as a kid and other parts for an adult, with variable items.
Anyway, I think a lot of the comments on this thread have become ridiculous and immature, not to mention possibly offensive. This isn't about crossdressing, and even if you do insist on discussing it, it's not for you to make some kind of moral judgement on it or bring any of this macho conditioning as if that is any kind of valid argument as to why you think Zelda shouldn't be a dress up game. Just saying.
Except Zelda is typically set in medieval worlds. So yes it is 500 years ago.
I just saw this and erm the Medieval times weren't just 500 years ago... more like 800-1000 years ago.... just saying.