No. Not at all.
I thought the stylus control scheme would be cool and original. I was waiting for a game that would finally use the DS' touch screen for something other than a menu and a mini-map... but this game...
It's just so clunky. Even when using a pen sized third party stylus, playing the game is more of a chore than it is fun. The boat goes SLOWER, some of the actions (like rolling) don't feel right, and while the game has some interesting and unique puzzles as well as control schemes for weapons (the boomerang is awesome... until you've used it for the 500th time), the game just feels like a straight up chore. It's lost the whismy and adventure of the Zelda series.
I still find it to be above average. A definite must for Zelda fans, but this has proven to me that a 100% Stylus controlled game where you have advanced moves like Link does just won't work.