Have you seen the ending of OoT? The future is still moving forward, the people of Hyrule celebrate the victory against Ganondorf and the Sages make a small appearance.
In the present, Link moves on with his life and then MM occurs.
Is that your only reason has to why PH can't be a sequal? Its ZELDA, one of the main points to the game is collecting items...How about the fact that Tetra is even in it?
" Link is at sea with his friend Tetra and her pirate friends. The game takes place just three months after Link’s epic...