I very much enjoyed this one. The opening had a very Squaresoft feel with the slow strings and almost mornful winds that I really dig, and I like the way the piano leads into the Zelda theme.
On the other hand, I also feel that there's something missing. While the song rises slightly into the traditional Zelda theme, it never reaches a conclusive climax that I think would help it out immensely. Leave the understated opening of the theme, and the recap of it with the percussion, but instead of ending the song there, have the whole orchestra swell to life to give a more victorious and definitive finale. Leaving the song where it is now feels more like it gave up and went home instead of actually digging up a hero.
The opening to Link's Awakening on the Game Boy is a good example of a quiet song that kicks into the Zelda theme. It's a little too abrupt to apply for the nice, slow build of this song, but something to point at about where I think it should eventually end up.
