They made their bed 30 years ago and have been sleeping in it ever since. One needs to come to terms with this
Well, it's ok if a company like Nintendo decides to go this way, since coming to terms with this would mean to leave the whole video game business behind. Big N is big with real estate, they have significant cash reserves and low liabilities. For them going the Disney route is ambition but also fan service, since they don't need to make games to survive, quite the opposite, they take losses making them. Being commercially unsuccessful doesn't mean being bad at what you do and Nintendo's qualities to produce games still shine very bright. Sure, it's always the same with just more contemporary looks, that's undeniably what they do best, though.
Changing the style of Link's Awakening is still questionable. The target audience are kids that grew up with computer animated films, instead of hand-drawn ones. I gather that's the reasoning behind the new look. But at the same time, those kids grew up within totally different console/handheld generations, which changed game design significantly. Those kids will presumably never want to embrace this cleverly conceived link to the past of gaming history. Why should they? At the same time, Nintendo excludes fans from back in the day with their single-sided design choice. The brilliant gameplay will remain untouched, but sympathies probably won't.