From what I understand, people were assuming it was too good to be true and called it a tech demo, but there was a special Nintendo Roundtable discussion where it was quietly confirmed by Iwata stating he really wants to fix the Water Temple.
That's what I thought I heard anyway, I'll look into it and see if it was officially confirmed or not just to be sure.
EDIT: Nope it's real
http://www.computerandvideogames.com...51876&skip=yes
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