When I first looked at this, I didn't think too much of it. But when I looked closer, deeper, I sensed a whisp of a feeling. An atmosphere of ancient, exotic beauty. An exquisite image!
I like how the shot is a bit soft as it seems to lend to your title, what with memories fading and becoming a little less sharp as time goes by. All in all, I think the photo may be a bit dark, but there is a certain mood here that I'm sure you are going for. I like the sepia cast, though.
I love the overall tonality of this. The kids playing is perfect for the category you chose. . The leading line sends your eye through the shot. Nicely done.
I like the category you chose. The brown give it that nastolgic feeling, but to me the coloring gives me a sad feeling instead of happy. Maybe that's what you were going for though. Still an interesting shot.