there's nothing wrong with that. if anything that's what it ought to have been all along. but Nintendo did give in to the pressures of the rabid fanbase for a timeline and there is a canonized one so it's a hard sell to simply write off the new game as a standalone unless it is specifically said to be. they've canonized the timeline and so there is one
i'm 100% with you though; i thought they nailed it with Wind Waker when they suggested that, every so often, a hero would have to rise and save the world by playing his role as one third of the eternal triforce with the other two major players, Ganon and Zelda, in a timeless battle between good and evil. they should have just kept it that way, fanboys be damned. oh well.