Also if you guys haven't heard, they are releasing soon a 3DS remake of Ocarina of Time. (:
Also heres a read:
"In most timelines, Ocarina of Time is generally considered to take place very early in the Legend of Zelda timeline, as the game establishes the origins of such important elements in the series as Ganon and the Triforce. Only the upcoming game, Skyward Sword is known to take place before Ocarina of Time.
The time travel that occurs at the end of the game is confirmed to have created two parallel timelines. One timeline continues after Link has defeated Ganon and trapped him in the Sacred Realm (the "Adult Timeline") and the other one continues after Link returned to the past and changed history so that Ganon never came to power at all (the "Child Timeline"). The Adult timeline leads into The Wind Waker while the Child Timeline leads into Majora's Mask and Twilight Princess."
((Also note that WW was a hundred and something years after OoT, and the people forgot about the land under the water.))