First thought:
Zelda in VR? That's so rad!
Second thought:
Hmmm, 8-bit graphics don't translate well
Third thought:
Has this guy never played Zelda before?
Final thought:
I'd like to see more
Any thoughts on this? The idea seems cool, but I don't know if it's going to translate well to VR. From what I've heard about VR, this looks like it's going to cause a lot of motion sickness ;)

I wouldn't like this as much in first-person. It would be cool if they made it more isomorphic instead of straight top-down and were still able to provide depth, but I don't see this adding much.
That said, it's cool that someone did it!