It's good enough to be added to the N64 list I maintain: http://www.thecoverproject.net/forums/index.php?topic=12282.0
But as far as getting approval to be hosted on TCP, I think it's a ways off. The cover art needs to be in higher resolution, it's rather pale and fuzzy as it is. A cover admin could give you a lot better direction than I can though. And out of curiosity, why did you use a bold outlined cube "N" for the back cover?
Oh, and welcome to the site! I hope you keep making covers.
Thanks, and feel free to add it! After doing a bit of reading I realized how much quality control is really put into the uploads, but the cover art was the best I could find, and I don't have the original to scan, so it was really my only option. Also, thanks for catching that, apparently I left one of the layers visible. It's fixed now.
As far as n64 covers, these are the ones I plan to make so far:
War Gods
Mortal Kombat Mythologies: Sub-Zero
Paper Boy
Rugrats in Paris (already made by someone else, but doesnt have yellow back)
Turok: Rage Wars (Same as Rugrats, except this one doesn't have a green spine)
Waialae Country Club