I'd like to touch upon the topic of the recent Imran comments in regards to either Master Chief OR Sora possibly joining Smash in the Fighters Pass Vol. 2, but more particularly Sora's case. Besides the scope of the game, Nintendo, and third parties, in this particular case I think it's also important to take a look at the broader scope of what both Nintendo and Disney are doing. Outside of video games, recently we had Nintendo, in collaboration with Universal Studios, announce the soon to inaugurate (I believe this summer) the new Nintendo-(Mario actually)-themed theme park; Super Nintendo World. With this, Nintendo ventures into the industry of theme parks, with the help of industry veteran company Universal Studios. Within the segment of theme parks however, Universal Studios and Disney are direct competitors, so of course Nintendo having collaborated with Universal Studios most certainly has an impact in regards of decision making; back to the context of video games, between Nintendo and Disney. Also, thinking about it today, it is possible that the idea for this theme park may have been talked between Nintendo and Universal, and afterwards proceeded into development around 2016 (when the 2020 Olympics location was announced). In conclusion, ever since the Super Nintendo World announcement, whenever I saw discussion on Sora in Smash, I thought "hmm... that whole new theme park announcement might... have something to say about that". Of course, it may alternatively not affect possible negotiations for the character AT ALL since in regards to Smash, this is an entirely different segment.
Ok, now onto something Geno related for the sake of this thread.
As discussion on Vol. 2 has progressed, and reflecting over and over upon the Smash Bros. lore, I've come to think of Geno as the true main character of the series, in a similar light as Erdrick is in the first two Dragon Quest games. In those two games, Erdrick's name is mentioned a number of instances, yet he never makes an appearance. However, come Dragon Quest III, and we finally have Erdrick as the Hero of the story. In a similar sense, I now see Geno as the hero that has been sung about since the very beginning (Super Smash Bros. on the N64), yet never made a true appearance (Smash 4's Mii costume doesn't count, nor his Spirit)... until... now perhaps. Him coming within Vol. 2 would be a similar scenario to the introduction of Erdrick within the DQ lore. And heck, why not? It'd be cool that along his inclusion, WoL got expanded a bit, say... one final ULTIMATE battle out in the stars (towards where all the spirits ascend during the end credits).