Last night we posted up the video above, but now we have a rough translation of the entire thing!

(2:06) [Phi]: Link… time to open your eyes. Soon, very soon you’ll face a big destiny. The time of awakening… Link… Link…

(2:59) [Letter from Zelda]: You sleepyhead! I’m sure you’re still lying in bed as this letter arrives… Isn’t it so? Good morning Link. Today the bird riding ceremony takes place! Our appointment… Do you remember? Zelda

Check out the full translation here