I was reading a video game blog who updated a story about this timeline recently. Evidently, the person who made this submitted it to Nintendo to see how he'd done in figuring it out, and they replied with a message that, in the end, stated "there isn't a true frame of reference or time line possible for the series."
You can see the Youtube video here where the creator of the timeline above talks about his submission.
http://www.youtube.com/watch?v=w5FozOuwQjI&feature=related
Nintendo's response states things we clearly knew, but their overall statement was kind of odd.
Personally, I don't even know if this response is legit. I think it's odd that Nintendo would make a statement like this to some fan in an e-mail, especially given other statements that have been given about the series by Miyamoto. I think if this is a legit e-mail, it's some NOA desk jockey employee's way of answering the question, and shouldn't be taken seriously.
Given that they as recently as E3 have given a period of time for Spirit Tracks in relation to PH, it means that there is awareness of a connection by the developers. There's also the fact that some games are indeed direct sequels (WW to PH as one). This statement by "Nintendo" is not very educated by saying EACH new game is a new Link.
What does everyone think of this?