This is the first year of Link being put to sleep. So, no, Link's still napping, he hasn't visited anyone besides as a kid one year ago. Unless that's what you meant. I would say the Triforce has been split, yes. Impa has fled with the princess. Dare I say, we probably won't be adhering strictly to the "official" timeline, where's the fun in that?

I can only imagine that things like Volvagia's revival will be major events for us.

Man, I might need to brush up on my OoT, after all.