It's both depending on what kind of character you have in mind; my character that I will take charge of is someone from New Hyrule (Obviously one of the starting points due to it being a safe haven) decides rather than being involved in a political strife, that he much rather travel the vast new contents of land that have been uncharted. 

I have a general CS ready, but I don't know if I have any plans for a real "Hero". The Idea is more of "Ordinary people living the most ordinary life they can in Hyrule."
There is still magic, people who possess something called "Aether" or "Mana" (they have the same function) can indeed use it. 

Everyone has different channeling tools. Everyone has different weapons or gadgets based on what you want. But for all intensive purposes this can be a pilgrimage where everyone has something to gain as well as to lose.