127 minutes into the game, I am not very impressed.
I just escaped Hyrule Castle, collected the light tears for the first vessel, and was turned back into human Link. I have played my brother's save, though, which is about 7 hours ahead of mine, and tried the horse and shield and whatnot).
Sure, it's a good game, no major complaints, but so far, it's nothing incredible. The "sound effects" from the remote are annoying at worst, tolerable at best, and the bits involving doggy Link are weak.
The controls using the remote are not great, not poor. I find the whole "wiimote" concept to be used quite poorly in this game. Basically, instead of it being cool and fun, it's odd. You wiggle the thing and the sword moves. It doesn't correspond to your motion, just wiggle the thing, any way, and the sword moves. One type of swing only. Wow. Amazing. It's a Gamecube game with a fancy remote control.
I might just plug in my Gamecube control and see if it works, and if I like it better.