I found a rumor about Project Cafe launch and future titles on ZeldaInformer.

http://www.zeldainformer.com/2011/05/rumor...s-and-more.html

One of them is Paper Zelda (maybe a ALttP remake). There was three Paper Mario games yet (and fourth is on the way), but seriously, Nintendo want to start a second "Paper" franchise?

Paper Mario is an RPG, and Zelda is Action-Adventure (only The Adventure of Link have RPG elements). Could you imagine Paper Zelda?