One of the Treehouse videos from Tuesday did this as well.
Jump to the 1 minute mark, or click on the link above the video. Apparently time codes don't work when embedding a video (manually added it to end of URL, video still plays from beginning).
PS: Yes people, you can remove his pants too. FORTUNATELY, he has a pair of shorts on underneath- what were you thinking?
Link has been designed for the girls to "appreciate" since OoT. Originally he was going to look more like he did in ALttP, but the wife of one of the character designers suggested a makeover. Nintendo does like sexing up their characters now that the consoles have more power. Just look at SSB Wii U.