Apparently they have patched out the ability to cancel your landing lag with an item through:
all landing cancels greninja's Shadow sneak, peach and TL/Links bomb cancel with bomb pull i was told by the socal top players who went to the west hollywood wii u smash event and a friend of mine who plays link told me he wasn't able to do it, but you can z-drop without a laggy zair now and now your hook shot drops to the ground like in brawl not like in the 3ds where it shoots and comes back without dropping
Thought it would be worth creating a thread to let you guys know / see if anyone knew any more? Wouldn't be too surprising if Nintendo were to patch this out of the game, it's a real shame though.So in regards to the item toss Landing-lag cancel:
Sorry, but Scizor is not a troll. Unfortunately, I can confirm it is true that the Wii U version doesn't have it. I went to a tournament last night in Toronto, one of the players got a copy of the game early (Nintendo has been giving some members of the community early copies up here in Canada, particularly members who have done a great service to their major smash communities. The only I can mention is Pidge, since she already made it public and posted a photo of her with the box on her FB profile). They let the participants play friendlies (8-player mode is balls to the wall chaotic, btw), but the conditions were we couldn't take video nor pictures of game footage to avoid getting in crap with Nintendo. Hence, I have no footage to show, and I also can't reveal anything besides character data.
I guess you'll all have to take our word for it, but I can confirm: Unfortunately, no item toss landing-lag cancel exists in Wii U. I dunno if the big N is planning to update this through an online update: they did say all the 3DS tactics would work in Wii U in the direct. But since the game isn't supposed to be officially released in NA yet, we'll have to wait and see whether this remains permanent or not.