Pretty good.
Your animation skills, as well as your use of humour and your unique style when it comes to the Zelda: UO series are all quite good. What you need to focus on now is sound. A couple of points here. One, Saria's voice lacks character at some points. Sometimes it's pretty good, but sometimes (example: the line "Oh. Have fun, then!") it lacks expression, the voice lacks emphasis where it is needed and the voiceactor does not use intonation effectively at certain points - the end result is that she sounds like she's just reading off of the paper, rather than actually getting into her character. She might need to work a little on that. Two, the sound effects. I think a lot of people have probably said this already, but I think it would be better if you refrained from using soundbites from the Zelda games for Link's kiai (shouting). See if you can do your own shouting using your own voice (if you can't, just stick with the soundbites).
Aside from that, this series is turning out fairly well, and I look forward to the final episode of this chapter.