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How would you feel if we got another pokemon rep?
I feel like the time has definitely passed for another Pokemon rep.
-Pokemon got a placeholder for the base roster in 2015. Sakurai didn't even pick Inceniroar for another two years afterwards, likely making it the last character decided for the base roster by a considerable amount.
-Pokemon Sword and Shield spirit event last year. If they had plans for Sword and Shield, why did they play their cards so quickly? As a reminder, Three Houses spirits were delayed half a year for Byleth's inclusion. It's especially in your face that Sobble, Grookie, and Scorbunny were all mashed into one spirit battle.
-Pokemon is very particular about how their characters are depicted and has no problems with characters being dumped if they don't properly reflect the modern "brand" of Pokemon. Brawl saw the loss of Pichu and Mewtwo while Smash 4 lost Squirtle and Ivysaur. If TPC wanted a Pokemon to hork Gen 8, it would have been in by now and honestly probably would have been a Fighter's Pass character at the latest.
-TPC isn't a huge fan of paid DLC and even said in January that the Sword and Shield DLC was only being done so they didn't have to make an entirely new third game for Gen 8. Apparently there was a lot of infighting about having Mewtwo in Smash 4 with TPC ironically being the ones that wanted him to be free with Nintendo actively fighting them on this.
I think it's a weird thing that people won't let go because TPC doesn't appear to be super interested and neither do Smash fans in general. Ultimate already has its obligatory new Pokemon rep and it doesn't exactly help that the most wanted Gen 8 Pokemon is yet another fully evolved fire starter Pokemon. It would be different if the demand was there because a big reason why Mewtwo came back was because Mewtwo was one of the most wanted characters for Smash 4, period, but a Gen 8 Pokemon is significantly further down the list in what people want right now.