I've played around with this a couple of times, but tonight I created a new save game, and started playing this for real for the first time.
After getting my awesome new Sony TV, I put my old Samsung in the windowsill in my bedroom, and set up the Super Nintendo. I continued my savegame from 3 years ago, rescued Zelda from the castle and reached the Sanctuary. After talking to some dudes, I got my first quest in the Eastern Palace. I found the map, compass, and Big Key, so now its just a question of getting to the boss.
I have to say, I'm not really happy with the way the combat feels right now. I hope it evolves into something better along the way.
Yes, got the Pendant of Courage. And now to deliver it to Shalashaska, I mean Sahasrahla.