It's up to each individual really. Everyone has their own view of Link, including the creators. So, some will think that he likes Ilia, others will say that he likes Zelda, still others will say that he likes Midna.
Link does not kiss Ilia in the original storyline, but some pictures, maybe cut-and-pastes, have been posted online of them kissing, like this example:
http://img65.imageshack.us/i/morethanjustfriendsbysoas5.jpg/
Kind of... Link and Ilia. All they do is look at each other with that, "(sigh) I like you alot" but near the end of the game, before Link and Zelda shoot arrows of light at Gannondorf, Zelda talks to Link, and Link's expression is like, "Pretty Princess talking to me!" or "Pretty lady said my name." the look on his face is funny....LOL! happy gameing! ;)
tee hee
Not as a girlfriend, link likes llia and she loves him of course he doesnt like her as a girl friend in twilight princess, he already has one. Minda!
Link likes Iliah. She was his friend from their village. Usually, he saves Princess Zelda. I don't think he really likes anyone, but in Twilight Princess, they actually show a love story.
Because only zelda has the power too sense link has twilight power in him also explains him being a wolf.
Link, the character you play (Always in green, with the pointy ears) is a boy of course. In twilight princess, you see that his love interest is Ilia, the mayor's daughter. And in the upcoming game, Skyward Sword, Link finds a new love interest and a new pet, replacing Epona :( But if you are talking about Zelda, she is a girl. Zelda is a twilight princess. I used to think that Link was Zelda, as he is in the game way more than Princess Zelda. But the game is called Legend of Zelda because she's like the ruler. Link is just always on the mission. And he is quite good looking (;
Link has a deep concern for Ilia, and the resolve to want to save her. However, Link's heart has been intertwined with Midna throughout his journey. And the icing on the cake is when Link views Midna in her true, beautiful Twilight Princess form!
He does, just not until the last dungeon. They're used to defeat Ganon.
Princess peach is not in Zelda it is princess Zelda.
He's cool like that.
The game really never states who Link exactly likes, but I believe that would be Midna in this game.
(just stating as the question asked... It is a 37inch Master Swprd replica I would like to use for my Link Twilight princess cosplay as well as frame it)