Constructive...
Not Destructive Criticism? At first I was like, "Alright, this dude wants me to rip on him SO hard!" But then I noticed it was Con, not De, so I rephraned from writing a blasphemis review... (By blasphemy, I mean, it goes against my love of Zelda to write anything wrong for no reason about it.)
So, to begin with, the preloader. Simple, yet effective. Problem though. The music is very abrupt, and uncontrollable. Good music? Yes. Maybe put a button in there to not completely kill my flash experience for a few minutes, though, because I was unable to watch anything with sound... luckily, I was caught up in a soundless blammable animation, so it didn't hurt anything. That's just a thought though.
The rest of it... Also very abrupt... I didn't know what to do for like, a minute. I was waiting and waiting for it to do something. SO I hovered the mouse over link, and realized that I need to click to see the next thing. Not good...
All graphics other than the sprites need heavy reworking. When I saw the name, I thought that maybe a newer graphics link would fight older graphics link. That would've been good.
Good concept though. Needs a lot of work. More sound would be good. More aesthetics to your backgrounds would also be good. Maybe you should find better graphics instead of drawing them. Just a thought.
It's okay, it's worthy of staying on the portal, but that's pretty much it. You need to get better. Try harder next time.