Klagermeister said:
Okay, here's the best picture I could find to explain it...
As a guy who has put some thought and research into it, here is all the things that are wrong with that timeline:
A) Four Swords isn't even there, just FS adventure, but FS is also cannon. Nintendo said they pictured FS as the first game in the timeline (which they previously said about OoT, but said before Minish Cap was released). Spirit Tracks isn't there either, but I assume it wasn't released when this was made.
B) LA happens after ALttP. Until Ocarina of Time, all the games where chronological, but OoT was a prequel, presumably because Nintendo realized that after saying the Master Sword was put to rest "forever" they could not reuse the MS unless it was a prequel.
C) Nintendo has also said specifically that TP and WW were in different timelines.
D) The oracles games are in the same timeline. The princess' maid recognizes you in one oracle game from having met you in the other.
I'm not quite sure where the oracles games would be placed in the New timeline or where FSA and TP would be, so I won't debate them.