WOW… just wow. I never expected news like this. For information on this, see this article: http://kotaku.com/report-netflix-making-legend-of-zelda-tv-series-1684293104
Really, all there is to know thus far is that it was reported by the Wall Street Journal to be in early production stages, and that is about it. Since there is nothing else to go on, enjoy the following two live action Zelda clips from past… things.
For some photos of some dedicated cosplayers, there is also The Zelda Project.