Very recently I found a very interesting theory online that suggests that there was more of a story to the game than there was thought to be. I encourage you to read this as it makes perfect sense and will silence anyone who suggests that Zelda games have little story elements.

http://www.zeldainformer.com/2008/05/the-message-of-majoras-m...

I love that article. It's very deep and the author really took time to develop the theory. Over-analytical? Maybe, but it's still awesome.

Also, I noticed how in Wind Waker the King of Red Lions says that the Triforce of Courage broke apart when Link lost the elements that made him a hero. I imagine he is referring to when Link became consumed by despair and hopelessness upon arriving in Termina in search of his friend.