I hope you forgot some, because there are many characters missing, and some hell aren't even supposed to be there.
Wolf>Olimar
K. Rool>Takamaru
Black Knight=Miciah I would prefer BK, but that's just my bias. Each have an equal chance, I just feel Dark Knight gets Priority.
Lucario should be added
Paper Mario should be added, and having the same icon as Geno's. Not the Mushroom Kingodm one, though.
I'm sorry..2 METROID REPS??? WERE YOU SERIOUSLY THINKING THIS THROUGH? Face it, Metroid is more than welcome for another rep, preferably Dark Samus.
Other than that, Vaati has as good of a chance as Midna.
You forgot Cell Shaded Link.
Bowser Jr. for Mario series.
Many characters missing? Honestly, I think the roster is going to be more around 35, so I'd call 40 an abundance of characters, heh.
I'm not really to crazy for Olimar, myself, but he's very popular, so that's why I put him on there. Fox, Falco and Krystal are enough Starfox representatives for me.
A Samurai >>>>>>>>>Some fat, lame crocodile
Yeah, Micaiah was kind of a filler for me, I wanted to give FE 3 reps, but I wasn't sure who else besides Marth and Ike...I think Sigurd is the other most likely candidate, though.
I was considering adding Lucario, but I think Mewtwo could be just fine with some buffs, which he may very well recieve if he's in, and I think 5 reps for pokemon would be too many. Only Mario shoul get 5, and that's only if you don't count Geno as 3rd party. Plus, there's all of those pokeballs. Pokemon are more in danger of being overrepresented rather than under.
Like I said, yeah, Geno should be the only other Mario character, imo. We especially don't need 2 Marios.
I'm not very pro-Dark Samus, unfortunately...yeah, I know, she could have different moves, but you can't deny that she's very similar...she's literally a clone, after all. And aside from Dark Samus, there don't seem to be many other viable characters...you could count the other hunters, if you want, but I don't think they're important enough.
I'd love to see Vaati in, he'd be a lot of fun to play as, but I think Midna is definitely more likely, and she'd be really interesting to play as, too, if she was coupled with wolf Link. Wolf Link is really the only exception I will make for a character appearing twice, and that's only 'cause he's got Midna with him, heh
Cell shaded Link...no, like I said, only wolf Link is allowed, and even then, only with Midna, heh.
Bowser Jr...no, Mario has enough.
And thanks for the link, MegatronPwnsYou, but I've been there, I just decided to go with the other artwork ^^