This is something I made a while back when I was looking at different art styles I would love to see in a Zelda game.
This is actually a remade version of my original attempt, taking into account some feedback I received from the fine folks here at the ZU forums. Enjoy!
This picture was inspired by the unique art style of the game MadWorld, that uses a cell shaded noir look to put emphasis on the games bloody combat. I imagine if Nintendo was to do something like this they wouldn't dare to implement blood, but I still felt like it was an interesting concept to look at.
The main background layout for this picture is actually from the iPhone/iPod/iPad game Infinity Blade, which has an amazing and gorgeous art style that I wanted to implement as the backbone for this picture. I then proceeded to add in iconic Zelda aspects, most notably Link.