Very pretty. I'm loving the texture choice, and the expressions on their faces, as well as the dynamic lighting. I can see you're really trying to get that two sides of a coin part down, and you really have the idea right there, clear in your mind. You know, if you darkness of the background a little more, it would really make Zelda and Tetra pop out even more with that bright Triforce.
But, from what I see here, you really did make an improvement from the first one. You tightened Tetra's and Zelda's bodies allowing yourself to really make their poses all the stronger than before. And your sense of texture for the ship and castle has definitely skyrocketed. You also make the transition between castle and ship seem more magical in this version versus the original. So good job with this overall!