Here at LegendZelda.Net we care about fan works and to show how much we care, we will be promoting a new Zelda themed fan game once a week. The first game that we want to highlight is a great looking one called, The Legend of Zelda: Horn of Balance.
The game has been in development since 2008 and it has come quite a long way since then. There is a fantastic demo that you can download and play.
The Horn of Balance uses an A Link to the Past style of graphics and is actually a loosely based sequel to the game. Attached below are some screenshots to the game. I must say that things are looking really great.
A new demo is expected to be released here in the next couple of weeks. At that time I will update the site with more information. In the meantime, check out their thread on ZFGC for more information regarding the project.