Imagi, who created two recent CG animated films of TMNT & Astro Boy created a Legend of Zelda concept film to pitch to Nintendo. But Nintendo turned them down. To be fair, it wasn't that impressive, but you can judge that from the video itself alongside a pre-vis video that sheds light on Imagi's process. The style of the short pitch trailer is created based on Twilight Princess, which was the most recently released game.
