That's based on a GameCube game though, and many of the games on that platform hold up pretty well today. Games from the N64 era however don't fare so well and would probably require a lot more work.
Personally, I felt there was nothing wrong with the old lighting model, aside from being based on a fixed-function pipeline. The new lighting is full of bloom, gouraud shading, and other things which scream "HD NEXTGEN!!!!" but do not convey the original sense of cartooniness, like playing an immersively interactive Bluth animation. (No, the edited-together-in-real-time-movie Dragon's Lair doesn't really count.)
Wind Waker HD would have benefited by adopting the lighting model of, say, Ni no Kuni.
Outcome. People are just going to leap in and criticise the textures.
Its a shame. It would be cool to have a HD remake...
