I'm going to be very much honest with you guys. (And probably going to repost this in the newcomer speculation)
First of all, even if my avatar might says otherwise, I'm a Square-Enix fans and JPRG nerd first and foremost, and Sephiroth Inclusion was an absolute delight for me.
However, one thing I think that is good to understand is that Sephiroth inclusion is big, EXTREMELY Big, and it's mother****ing Sephiroth. If he's in, it's because Nintendo and Sakurai wanted him. Not because he was a replacement for Sora cuz talks fell through/Or because SE said no to Geno cuz LOL MUH OBSCURE
Sephiroth is Sephiroth, Mother****ing Sephiroth THE edgy Anime Swordsman and probably in the top 3/4 of most influencial Gamin Vilain ever.
But the other thing that this pass teached us, is that I truly believe this pack was tailored for fans in mind, and I'm going to go on a hunch that the budget for it was MUCH bigger...Steve was in talks for years apparently, and Sephiroth is ****ing sephiroth, they probably didn't get him for a cereal box price.
While you guys might not see it as "BUT WHAT ABOUT THE MOST ASKED CHARACTERS" I'm going to counter that with "VIDEO-GAMES FANS" beside Min-Min which was literally to be said to be a demand from Nintendo Themselves, Steve and Sephiroth? They're not Heavy hitter...They're HUMONGUS hitters in terms of Video Games influence, who probably beat any of the characters of FP1 by themselves (probably only contested by Hero in term of influence)
Which makes me think, that this pass? Nintendo/Sakurai, they're just going to asks for characters they want, and probably get them they probably don't care about double dipping a dev (Microsoft/SE) or even a franchise (FF7)... So, I'm going go on a hunch that, unless the dreaded Mii Costume shows up, Geno might come down latter down the line. I can't see this pass not having AT LEAST one "Fan Favorite" like Banjo-Kazooie were for FP1
And really in term of long "Fan Favorites" ? We don't have much left beside Geno, Sora, Crash? And what? We actually probably have all if not most of the "Never ever" possible and even more with ****ing Sephiroth joining in.
Wait until the 17th, but don't lose hope.
But at the same time,take a deep breath, and remember, in the end, it's all a video games, and the company/The devs are not here to torture you guys by not putting your characters, they try to do their best with what they have and get.