Wow. I've been unable to get on the forums for a while because I've been busy with school. At first no one even viewed this thread, so I'm really happy now that I'm back and there's been some good conversationa about it. The downside is now I'm a little out of the loop in the thread that I started. Like I said, I didn't invent this timeline, but I really love it.
The big objections seem to be the placement of the oracles games and the problem of explaining the events between WW and LoZ.
As i said in the first post, the primary reason for putting the oracles games between ALttP and LA is that the triforce pieces are all together at the end of ALttP and the combined ending of the Oracles games shows Link getting on a sail boat and sailing away. I'm not sure what bigger clue we could ask for to place the oracles games. I know the earlier booklets places LA directly after ALttP, but as with any canon, the Zelda canon evolves and changes, and newer material trumps the older stuff. My suspicion is that Nintendo gave very little thought to continuity in the pre-N64 days. After OoT, there seems to be a much more obvious effort to create a unified story. I think little things like the boat at the end of the Oracles games are no accident, and that as a general rule we can take out-of-game-sources before OoT with a grain of salt. Some of the old boxes and manuals actually contradict one another.
As for explaining what happened between WW and LoZ (besides PH that is), I think this is one area where the timeline leaves room for speculation. I don't claim that this timeline explains everything, just that it explains more than any other timeline. For the reasons I gave in the first post, we have good reason for thinking that Hyrule in LoZ and AoL are a post flood Hyrule, but we have no idea how long after the flood it is or what happend after the waters receded (except the AoL backstory, we know that). This issue can only be settled definitively by a new game set between PH and LoZ. I'd love to see a game where we find out how Ganon was brought back and where the master sword went. This is basically Zemen125's point.