@Amnis No, actually I believe this is a brand new iteration of Link we've yet to see similar to almost every other installment.
@justaC00lguy The Hero's Shade hasn't been confirmed to be the Hero of Time but it is a highly regarded theory due to them being both left-handed. (
http://zelda.wikia.com/wiki/Hero's_Shade) That said considering that Link appears to be right-handed in this iteration as well considering him pulling the arrow with his right hand while stabilizing the bow with his left. Also someone pointed out that there is a sword in the trailer in a place in which Link would reach with his right hand (
http://imgur.com/a/wjcnq). Due to this it does debunk my theory of us playing the hero who eventually becomes the Hero's Shade. Nonetheless, as you and I both agree upon it does seem that the new layout of Hyrule clearly share similarities with Twilight Princess leading both of us to predict it as being a sequel or prequel to said title within the Child timeline.
Even though this doesn't have too much relevance, I'll post it for everyone here to see. The "arrow" Link pulls out at the end of the preview actually appears to be a magic/technological dagger Link uses. If you watch the arrow closely as Link arms it in the trailer you can see that it's fashioned onto the arrow with rope but would otherwise function as a dagger with it's hilt. It's also worth noting that as shown in the previous link in which Link removes the arrow from his saddle that it appears he only has one of these arrows. The arrow may be an heirloom of sorts that Link only has one of and may be an integral part of the start of the series. He may receive it from someone important in his story, or he may find it as an ancient device.