Yeah, if you go to Zelda's page on the official Smash Bros site, you'll see her move list read "Down+B: Transform" and left it at that until last night.

But no Shiek in TP is the reasoning behind all of the panic I heard about, which is kind of silly since Nintendo is like any other company: lazy. There's no sense in making a brand new move when you can reuse stuff from the old game, I think all of the "clone" characters in Melee proved that.