Considering how close this is to the Wario Ware Gold release, I have a feeling the Ashley fans will have something to celebrate on Wednesday. (And I'll be happy for them... in spite of my jealousy.)
Whether or not the King is revealed on Wednesday, I'm honestly just happy we're getting information now instead of in September. If Nintendo had waited until September (or later) to give us new information, it would have been exactly halfway between E3 (June) and launch (December), so that probably would have been the only reveal before launch. But since we're getting one in August, just two months after E3, it's possible that we're seeing the beginning of a bi-monthly reveal schedule, with the next reveal in October, and then launch in December. (And if that's the case, then it probably means they've got enough characters up their sleeve to reveal one on Wednesday, one in October, and some at launch.)
That's what I'm hoping, anyway. I'm also kind of terrified that on Wednesday they'll say there are no more newcomers.