Could have been so much better...
The Wii-mote fails to bring anything interesting to the table. Combat is nothing more than shaking the controller back and forth, and aiming with weapons is sort of pathetic. The fact that Nintendo failed to make good use of its own device is not very confiding. At times, I often felt so much more could have been done with the Wii-mote.
In terms of graphics and sound, the game does an okay job. The soundtrack is pretty nice, but they're still using MIDI tracks (simulated instruments) and text dialog, which is another sign of the aging formula. The scenery is very nice, but it doesn't look any different than a regular PS2 or XBox game; the Wii doesn't have a lot of power.
Aside from these flaws, the game is actually quite good. It's filled with nice puzzles, epic boss battles, and overall great gameplay. However, a lack of any innovation prevents this from being "The Greatest Zelda Game Ever Made." The game is just as good, if not better, on the GameCube.