While it's understandably been drowned out amid the Wii U hullabaloo (finally a reason to write "hullabaloo" in an article!), Nintendo has also released a new trailer for the The Legend of Zelda: Skyward Sword, which, according to today's Nintendo press conference, will be released by the end of 2011. Not only that, but Nintendo will also issue a shiny golden wiimote to commemorate the game's release. In fact, Nintendo has a lot in store for Skyward Sword's release, and for Zelda's 25th anniversary (you can read more about that here, and read Gaygamer.net's fond reminiscence of 25 years of Zelda here).
Meanwhile, the E3 2011 Skyward Sword trailer has a lot more to say about the game than previous ones did. We get to see the village in the clouds, a young woman who is likely Zelda, Link in and out of his hero's outifit (à la Twilight Princess), the radiant appearance of a figure that's widely speculated to be the Master Sword, and...just maybe...a younger Rauru (at 1:02 in the video, for any other Zelda lore nerds out there), one of the great sages from the Ocarina of Time. The video also shows off a lot of Motion Plus gameplay, flying like Gandalf on the back of a bird, and a new character whose mascara screams "villain."
More as it develops.