Let's see if I remember correctly. I believe the King said that he wish for these kids to have hope for a better future and to wash away the land of Hyrule. So, if the Triforce granted that wish, then eventually, the old Hyrule will be expose once more, but the new Hyrule would be built on top of it. I take it the new Hyrule would resemble the one from LoZ, AoL or AlttP as (if I'm correct) these adventures happens after the Ocarina of Time and Wind Waker. Since Nintendo has made games based on Link 1(OOT), Link 3 (LoZ, AoL), and Link 4 (AlttP), I guess its time they start giving some adventures to Link 2 (WW). Maybe the WW2 would have Link fight to prevent the Sun from causing a major drought and evaporate the Ocean to reveal Hyrule. Maybe we will have under water exploration and battle via a sub since the boat is lifeless now that the King is dead.