The pages from the book can now be read, and this tells a very telling story, like the old folkloric authors in the 19th century, the authors behind the book have tried to reconstruct folktales that can still be remembered. Here it appears that the story is about three unicorns who are connected to a shooting star - which must be the Wishing Star - with hints of the Crystal Empire, and could be Twilight, Flurry and Opaline.
The first page;
“This is based on the G1 lore, first seen in the My Little Pony comic #8 (G1) published in 1985, with a magical tree that can grant wishes, the unicorn Powder could summon snow - and the light in the opening that is closed in C3, can be a “Wishing Light”.
So the idea behind the Winter Wishday is taken from G1 but moved to the start of the winter season, TYT supports this as the episode after C3 shows winter activities like snowball fights. So the unicorns of Bridlewood when they still had magic gathered in the square in front of the tree to invoke snow and cold, freezing the temperature and increasing the humidity in the atmosphere. The ceremony seemed to start when three special unicorns stand in front of the opening and possibly ignite the magic in the tree during a ritual that has since been forgotten. These could be alicorns.
And since the unicorns use the same spell as the crystal ponies to transfer their magic to the crystals that store or recharge the magic, there is obviously a connection between Bridlewood which was likely a resort for the Canterlot unicorns, and the Crystal Empire ruled by Cadence who has her daughter, Flurry Heart.
The writers behind C3 know their stuff with reusing lore from older works, and integrating it into new lore in the G5. And it is possible that the Wishing Tree existed in the G4, as a mysterious tree was depicted on a glass window at the beginning of “The Last Problem” in S9, when Spike returned from the meeting between the abyssinians and the diamond dogs.”
The other sides;
“Very interesting! That explains the three unicorns in the cover. This is a reference to the Unity Crystals - but once again the information is consistent with the book being made by the first generation after Equestria’s collapse, the memory of the Unity Crystals had obviously been either distorted or lost, and the three crystals may have fallen from a shooting star - which must be the Wishing Star.
We know from IDW and MYM that Twilight made the three crystals and stored all magic in them, and that an alicorn, Opaline, may be the first to lose her magic. It’s possible that whatever happened, the Unity Crystals had split - and fallen to Earth where the ponies found them. And these knew that they were associated with special ponies, so they may have constructed stories based on oral accounts that had not yet been forgotten. In that way, the three crystals became three ponies.
More proof that Twilight Sparkle and the Wishing Star have a connection.
But these three ponies who were supposed to be “guardians” had to have been actual historical figures who were part of popular memory. The sentence that they could not remember must suggest the three tribes - the earth ponies, the unicorns and the pegasi in their place. This is perhaps the first confirmed information about collective amnesia.”
“Have now gone to the link.
The page showing the Ice vs. Fire confrontation is an indirect confirmation that the three “unicorns” are alicorns, because one of the three ponies has signs of wings on it. It flew. Then Opaline is definitely in the book, and the white unicorn could be Flurry Heart, the other flying one - seemed to have a darker fur color, and could be Twilight. Behind her came a storm, perhaps her friends. So this could be the moment before Opaline is defeated and put in chains after losing her magic.
Only the white unicorn was back as the book drew to a close, it seemed to be galloping towards brighter times away from the darkness, symbolizing a good ending towards better times, as there are clearings ahead of the unicorn. So this can be interpreted as a happy ending, but the fate of the other two unicorns is not known.
Possibly Flurry had reacted negatively to what Twilight had done, and went away, possibly to the Crystal Empire. This could possibly confirm that she may be alive, and that the Crystal Empire may still exist. But in the page, it looked like Flurry had been trying to talk Opaline into giving up, and may have reacted strongly to Twilight’s decision to take the magic from Opaline.
The hypothesis that Opaline may be Flurry’s sister has not been confirmed, but not rejected. Such a tragic performance within a family is always popular, and can survive for a very long time in the folklore, especially if it is about divine-like beings. Sibling tragedies have happened in the MLP, considering Celestia and Luna at the beginning of the G4. This may have been repeated in the G5.
So the ponies combine the three crystals that we know are the Unity Crystals, with the alicorns - and that they pay tribute to the Wishing Star that gave them the crystals or “guardians”. And they do it by using Twilight Sparkle’s magic symbol, eight-pointed star and other decorations from her reign.
It is possible that in the post-G4 era Twilight took Flurry and Opaline under her wing to train them, introduce them to her realm as they are her nieces and daughters of a powerful ally. They may have participated in the ritual around the Wishing Tree in Bridlewood when the winter season started. But as we know from IDW and MYM, a unicorn started the unrest in Equestria which led to magic running wild as the ponies turned against each other.
Opaline in IDW may have disguised herself so that Fluttershy didn’t recognize her, while Discord possibly does, being at a loss. Because if Opaline is Twilight’s niece, this could completely freak Discord out. And that explains how Discord knew her - and talked sarcastically about her in the IDW. In the end, the Mane 6 chose to take out Opaline, and it’s possible that Flurry didn’t agree with the decision to take her sister’s magic and put her under house arrest.
The book is very revealing, for this produce a number of hypotheses.
But this only emphasized that Twilight Sparkle could be the Wishing Star, and that the three crystals fell when she was taken up into the sky. Possibly after sealing the magic. And the Wishday is celebrated because of the crystals - and the subconscious of the first generation of ponies that they have lost something very important; as if a mother has abandoned them.”
“Yes. The hypothesis that Opaline is Flurry Heart’s sister is only further reinforced. For the silhouette in the shadow of the tree is the Crystal royal palace - which had been put in by the writers. They had obviously worked like the Brothers Grimm in the 1800s, collecting and categorizing or piecing together folktales that still existed before they were forgotten.
They knew about the Crystal Empire, only as a loose hint. But that means that the unicorns are connected with the Crystal Empire - and Twilight is the sister-in-law of the ruler, Cadence, who has a daughter, Flurry, and may also have given birth to another daughter, Opaline. This combination may have led the writers to a logical conclusion when trying to piece together the folklore about the Unity Crystals, the Wishing Tree and the three alicorns, two of which came from the Crystal Empire.
The book reveals that there is possibly a third alicorn in the G5 in addition to Sunny and Opaline - Flurry Hearts who may have chosen to isolate herself and her realm from Equestria.
So Misty is possibly related to Twilight, even if through adoption.”
So… We have a possible third alicorn alive in the G5. And that Twilight is still in the G5 as the Wishing Star. Opaline may be Cadence’s second daughter, Flurry’s sister, and Twilight’s niece.
If the three crystals are the Unity Crystals, they must have fallen after being separated by Twilight possibly over Canterlot when Equestria had come under attack. So as she was sent to the starry sky in the same manner as Equestria-prevails depicted in his fan comic, the separate crystals would fall down. And there were undoubtedly many who witnessed it, so even if they could not remember for a long time - they knew what had happened.
An ambitious pegasus took the Pegasus crystal to become queen, the family that may have been close to Twilight took the Earth pony crystal and a random unicorn took the Unicorn crystal with himself, the tribes were at first together, but separated as soon they can’t remember. The book was made at a time when the ponies were not yet afraid of each other like in the G5 movie.