Link / Epona
Yes are faithfull hero has retuned! He's back and this time around he can do almost anything older link could do before, even ride epona. Epona will of course return to the game alowing younger link to ride her.

Malon
Malon, the lazy ranch owner's daughter is back and this time it seems that she is older then Link. I don't know much about her role in the game but the pictures tell me the she will at least be in the game.

Happy Elf
Well don't ask me who this is because I don't know. He is most likely just an elf in the forest like the elfs in zelda 64. Wouldn't it be funny if he turned out to be that pesky Mido?!

Masked Man
Who is this stranger. From the picture I'm quesing that he is the masked man the zelda gaiden story talks about. Could this be the guy that leads you into the parallel dimension?