Bill Trinen has slowly become one of the most likable people at Nintendo Treehouse (a branch of Nintendo of America). It's interesting how he has slowly become a person of note, when previously he was mostly just a translation expert. That being said, he ends the debate on where A Link to the Past 2 (as Japan is calling it) truly lands in the prequel and sequel debates in terms of timeline placement.
"From a story perspective there are connections," Trinen said, "so it does fall after A Link to the Past. And it's set in the same world, but introduces that new gameplay mechanic. So, yeah, I guess by that definition ..."
The 'definition' reference is the controversy that may surround over finalizing the title as A Link to the Past 2. It may make chronological sense, but it could also be a turn off in terms of marketing. The timeline placement debates are pretty much at an end.