I’m gonna link to Unseen64 now on an article I found there of interest:
Apparently there was confusion over this SFC Zelda 2 Tech Demo screenshot, with people saying it may have been intended for the Satellaview. Needless to say, that article should explain – it was not. Rather sad, really… I am a bit of a Zelda 2 fan. Notably, the magazine scan is from 1988, and the protagonist is not the Satellaview mascot – this should’ve reasonably thrown some buzzers into my head about it, but I didn’t want to outright deny anything blindly.
I doubt anything came of the SFC Zelda 2.
An interesting note about the old “Famicom Tsushin” Magazine, though, is that it seems related to “Satellaview Tsushin”…. perhaps the latter being a spinoff of the former.
More info about the magazine, now called “Famitsu”, can be looked up starting here;