Its a real shame.
Falcon was one of the most respected and feared smash characters in 64 and melee, The decreased hitstun (which is the reason behind Falcon's bad comparison to other characters) is proof enough that Sakurai hates us, and F-Zero is his least favorite Nintendo game.
Falcon isn't a bad character, but the hitstun changes ***** his battle style, another issue lies in the fact that he's the least edited character form Melee, the only change is his reverse Falcon Punch (which is awesome!).
What you Falcon mainers should look into is (suggesting, not telling) making decent use of his tilts. Falcon won't advance anything beyond E tier (in my insight), but he sure as hell doesn't deserve lowest of the low. With characters like Falcon and a game like Brawl, mind games are the way to go. As manly as he is, a defensive stance is needed, psyche your opponent out. And remember, a Falcon punch has almost as much frames as Ike's forward smash, and just as strong (which is a really bad thing in Falcon's case).
I'd be happy to contribute to digging into Falcon's potential. He's a for fun character for me, but I respect him just as much as you all do, assuming you respect him to an admirable extent.