In a recent interview with GameBlog, Eiji Aonuma spoke about his thoughts on VR and the Zelda series.
Aonuma explained that one of the interests of the Zelda series is to evolve Link and see him change over time, so in that respect he doesn’t feel that VR is well suited to the franchise because you would no longer see him, you would see the surroundings from a personal point of view instead.
“You know, one of the interests of the Zelda games is to evolve Link and therefore see him grow. In VR, you would no longer see Link, you would see the world from your personal point of view, so I think it would not be very ‘Zelda’”.
So it looks like virtual reality isn’t on the cards for the series in the near future, but that’s not to say it will never happen!