Now you're giving them hope, so the Geno talks really will never end until the DLC does, Irene.
just joking.....hopefully
If it makes you feel any better, I don't think this makes Geno more likely. I think he's dead too.
It's just that the argument has a hole in it.
The way I look at it is more a case of licensing; Nintendo itself is probably not going to license a returning costume if the character is already there. What's the benefit for them? Nothing. The benefit for a company is getting more revenue, yes. So Square-Enix would say yes, etc. Though to be fair, I think it's Sephiroth being playable that had a much bigger impact on Geno's chances than costumes I personally feel were going to return regardless. That doesn't mean Nintendo won't do it, either.
The whole "pay for the character twice" is inaccurate overall, but it's the argument being framed poorly to misunderstand the reason why anyway. The costumes returning looks a lot more like "we had no plans to make him playable, so we're bringing it back to satisfy the fans. Also, they need touching up." I'm sure Premium with a Song would've been a lotttttt better for the fanbase. Well, most, anyway. Some hate the idea, but at least it's some new SMRPG content which is a step up.
That said, it'd be a lot different for the fans if Geno was Premium(meaning major work was done, not tiny work).