In a sense this game shouldn't be affected by the Zelda Cycle because, while it's a fantastic game on in its own right, it's precisely the 100% traditional, 8/16 bit game a large number of Zelda fans demand as the only real Zelda.
Therefore, the usual suspects aren't raising a stink about another "terrible" Zelda that isn't right.
At any rate, what the "Zelda Cycle" really refers to isn't fans who hate a game at release, then change their minds when the next game comes out; people are misunderstanding it and saying it doesn't exist.
The cycle, such as it is, is really about the noise level in the Zelda fandom. When a new game comes out in a style that a lot of fans hate (aka, virtually any 3D Zelda), those fans raise hell and create the impression "everyone" hates the new game. Then a few years pass, the negative fans have moved on to spending most of their energy on the next new game. It then becomes easier to gauge what the average person really thought of the last game.
And surprise surprise, virtually every Zelda game is well liked by a whole lot of people. Whether console or portable. It doesn't mean the fans with narrow taste who dislike every game except their one favorite Zelda changed their minds and like what they previously criticized.