Keep in mind that while many outlets are reporting this rumor, neither Nintendo nor Netflix have commented on it.
While that's an interesting idea and I'd kinda like to see some form of that, I don't think that would be right at this time. Fans of the series want a representation of they already know. I want to see Link feeding bombs to dinosaurs. I want to see Link fighting a multi-headed dragon, and watch the heads fly around the room trying to kill him before he finishes the job. The flim/TV version of LoZ needs to be established before they can go tweeking with it's components.
P.S. Link would be the lone programmer kid who's and introvert and doesn't speak, but becomes the one who has to reassemble the virus when Zelda's partner, Impa runs into him in a dark alley after the abduction. Or something. I dunno, but I wanna go watch Hackers now.