This looks like too much color, it might be me, but I noticed in all official Zelda games. That..
1- every word in The Legend of Zelda is the same color. (whether that color is red, (commonly) purple (MM), whatever, the words in the series name are always one color, sometimes with darkened etchings. (how the letters look engraved with the slits)
2- They normally have something regarding the major element of the game with color to match. However, they never reveal too much of the plot with the title. (OoT had the master sword and hylian shield, MM had Majora's Mask, Wind Waker had the King of Red Lions, etc.) This looks like it's showing EVERYTHING, from the temples you do, the 3 pieces of the Triforce, and some more stuff. You might tone it down a bit. Just my opinion of course.
Other than that, have you considered making something to represent time being broken? Maybe a pendulum, or clock hands, that kind of thing.