The Gameinformer had a great interview with Eiji Aonuma, at the past week GDC. Aonuma talks a little about the making of Twilight Princess, and goes into some detail of Phantom Hourglass, and the future of Zelda on the Wii, handheld, and the Four Swords. Some key things from the interview.

• The game will apparently be based around three islands, each with their own story.
• Phantom Hourglass will be released first in Japan
• Confirmation of multiplayer mode in Phantom Hourglass (details in the interview)

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Source: Gameinformer