That's a very strange looking creature. There is no telling from appearance, because even if it's an enemy, it could be one of those 'Keep this a secret from everybody' enemies that gives you something. It looks like more of a boss/miniboss than a regular overworld enemy. I say this because it's kind of elaborate.
Originally Posted by Black Sparrow
It is probely a friend because the design on it is just like midna's.
I haven't been reading up on Midna, but isn't her alignment debatable?
It is a very interesting looking creature!Very mysterious!!!But i'll have to go with Black Sparrow on this one...
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My guess is that it's an ally and it's role will be basically similar to that of Rauru: you might report to this wolf after each of the main temples or something.
In the Hype thread it was pointed out that its horns and the light within the circle are very similar to the sybol on Wolf Link's forehead. It was also pointed out that its horns resemble those of the bulls Link herded in Toaru, and evidence from the trailer suggests that this creature appears at the healing fountain in Twilight-covered-Toaru, as discussed in the Fountain of Healing thread.
I think it's the Twilight Realm version of those creatures from Link's village. You know, these things.
Obviously it's a large change, but I think it's possible. The round shape of the horns is similar, and so are the eyes. The creature's body is very different, but I think that may be because of the transformation. Heck, Link is a wolf.
my first impression was that it's some sort of god or spirit of the twilight realm, maybe Link meets it in his dreams and sees it again when he actually goes into the realm. It may give Link information and tell him about his fate....or it could just be a shiny dog thing running around with no reason at all.