It looks like the rumor started by UK mag, NGC, is in fact just a rumor. Nintendo recently told Eurogamer: “The article in the January edition of NGC Magazine is pure speculation. Nintendo has made no new announcements regarding The Legend of Zelda: Twilight Princess. We can however confirm that the game is still in development and that it will launch on Nintendo GameCube in 2006.”
There you have it. Whatever happens, just give us the game already.
[Source: Eurogamer]