What is your favorite version of The Lost Woods and why?
Argh, you know my favorite area ever....
Anyways, I think my favorite version of the forest is in Ocarina of Time & Majora's Mask. (In Majora's Mask, the Lost Woods make a single appearance at the start of the game, that's where Link gets attacked by the Skull Kid and gives chase to him.) That is my favorite version because the fact that you can get 'lost' and come out at the start gives you a sense of disorientation. I've memorized all the ways to go in the forest, but I remember when I didn't know and I was just learning, I'd come out at the start again just because I got disoriented just once. Everything looks the same in the passages which makes you feel as if you're really lost unless you know the way.
Granted, this was the same case with the NES version of the Lost Woods, but there, the forest was a lot smaller and it wasn't very hard to navigate at all.