Interesting...
I like the concept behind this. But I'm not sure I understand the point of the water sound effect. It kind of gets in the way of the music after a while for me. In the intro it is pretty good, but I think it would be better suited if it faded out early in the song.
I like the bird effect later on. And the wind as well. It counterbalances the water from earlier in the song. This has a very natural sound to it. Even mystical in a way, and I like it a lot. Very original work here, and would be well suited for a serious flash video with an Asian setting.
I normally like my music to be a little more on the technical side, but I think the simplicity of the music itself gives this song a charming side to it. I do think you should tweak your compression a bit. I hear some issues with some of the sounds being "Warbled." Which can happen with the types of sounds you have are over compressed.
I like the piano lines. Very nice touch there bud. And the ending is simply perfect. This is a good song, and like I said above, very original. But I'm not sure it is a great song quite yet. There are definitely some things to tweak.
4/5 and 8/10 overall. Very nice work here bud.
Good luck on your future projects, and in the competition. :-)
-Gravey-
P.S. - If ya get bored, you can go hear my entry for the competition as well.
(http://www.newgrounds.com/audio/list en/215108)