Last year in November Zelda producer Eiji Aonuma confirmed that there is a new Zelda title being developed for the Nintendo 3DS handheld. This is what Eiji said:
"We are already preparing a new game, a game in the series for the Nintendo 3DS, but don't think that it is a direct sequel to the Zelda titles released on DS. We are talking about a new game, but it takes much of what has been done on previous consoles."
Today this image was uploaded to 4chan:
This is a very exciting time for Nintendo 3Ds owners, however this image could very well be fake. Its to hard to tell at this time, We will have to wait and see.