P2: "Me too! I heard it's so shitty that it makes us toss each other's salads (toss the salad)!
P3: "Whoa dude I can't wait for that kind of hot all-sweaty-ball-chugging-manly-action!"
P1: "Where the hell did the other ball chugger come from?"
P2: Hehe! You said "CUM"!
P1,P2,P3: *sudden unstoppable laughter*
At this point I walk in and kick all of their asses for being such dumb-fucks and not realizing that the Zelda series was just ruined for the time being because of the new ass-monkey look.
The most common reason this game is hated, though, is that nintendo took a big risk with the graphics in this game, making them cell shaded.
Person 2-"OMG FAGGOT T3H GRAPHICS SUXXORS"
It was an attempt by Nintendo to return to the original style of the Zelda games, such as that featured in A Link to the Past, Link's Awakening, and all the other 2D Zelda games (except for, possibly, The Adventure of Link).
Through cel-shading, Miyamoto attempted to create a fascinating, beautiful new world, and succeeded for the most part, even though many will agree that the ocean replacement for the world map was lazy.
Unfortunately, there is a lot of controversy going around with this game; many say the graphics are too kiddy and that the series should go back to the Ocarina of Time stylings.
Note that this game reinforced the "kiddy" label that is frequently pushed onto Nintendo, now practically tattooed on.
Most that have played it will agree, weather they like the graphical style or not, that it's a good game.
Guy 2: Nah, too kiddy. I think I'll wait for the next iteration of GTA instead.