You're all nuts, Wind Waker was clearly the best.
The truth is here people.
Anyway, a Zelda MMO could be good, I think it would be unfair to judge it right away. It does seem increadably strange though, especially since Zelda has never even ventured into RPG territory, let alone look anything like an MMO. It'll also be interesting because it will almost certainly be released on Nintendo's console they are planning to announce at E3, and an MMO on a console is very unusual. Maybe Nintendo have put a lot of work into the online aspect of their new console (as well as the community side of things perhaps; that would sound more like Nintendo) and want to show it off with an entire MMO, and if Nintendo were to make an MMO what IP could they possibly use except Zelda?
Eitherway, I'm very interested.