I really hope it's not the exact same list of items I feel ALBW could totally go without both canes, the magic cape, and the book of mudora, and for that matter the 3 medallions. While all of these items were cool, this new game doesn't need to rip off of the coolness of ALttP, it can come up with its own useful cool items
Well if you think about it EVERY zelda game has has the same items in some way shape of form, Hookshot, has been there since, the cap/feather has been in every 2D game since, though the cape in ALttP was lame cuz it just turned you invisable. The book of Mudora should not be an inventory item, it should be a passive item like the Pegasus boot and the moon pearl.
the three medallions need too be in the game, even if they arent actual Item taking a slot in the inventory, they could change it to a Spell system, where you have one item that when equipped allows you perform many different spells, so okay maybe the medallions need to go as they are now, just cluttering up that inventory but the functions of the medallions MUST stay! and to fix your cane issue, We Need the red one, it was really good for puzzle solving, im trying to think of a way to get the magic from the blue cane, without having to have another cane in you inventory, maybe you can throw the shield it gives you into a power that is provided by my suggestion for how to replace the Medallions!
Does that sound a little better