I don't want Link to have *any* overt sexuality. I like the "no hugging/no kissing" nature of the games with the massive amounts of teasing "will they - won't they" between him and certain characters. I like to ship different things for different games, Link x Zelda for Skyward Sword, Link x Midna for Twilight Princess - I like the whole "lots of girls and some guys (pay attention!) really seem to like Link, but who knows if he reciprocates for any of them."
People kind of expect the Hero x Princess dynamic, but mostly, Link is "blank' so as not to interfere with the players' thoughts on him. I like the freedom of shipping there, for straight, gay, bi, ace players and for fans of different dynamics.
I also do not trust the creators of the walking yaoi-fic sterotype that is Ghirahim to handle a gay protagonist with any sensitivity. It would all depend upon how well the game is handled. If I have a raging sterotype winking and making innuendo all the time (same with "staight Link made into a Leisure Suit Larry" ) then, no, I'm not going to play that game. If it's like any other Zelda game, but where Link has a nice guy waitingn and worrying over him back home while he goes to save the world, why not play it? (Though I may never show my face in the fandom again due to my low tolerance for "raging yaoi fangirls" - and they'd no doubt focus on the *one thing* about the game).