Tales is not a huge franchise and never was to begin with (yes it did get it's start on Nintendo's Gamecube system, but remember Lloyd is not Namco's mascot and to get in 3rd party has to be a significance presence to Nintendo and the Tales series hasn't had that in a long time (they had what like 3-4 games?), face it Lloyd's not getting in (especially with Pac-man still available), he will never be in Smash Bros (unless he's an assist trophy which I'll be more than happy since that's where he should be), no matter how big of a presence he is to Nintendo (his presence isn't that big compared to Pac-man), Pac-man is far bigger than Lloyd (game wise) and is even the favorite of some Nintendo exces, he's also a legendary mascot and brought gaming into what it is today, (a Smash game featuring Mario, Sonic, Megaman and Pac-man would be a legendary event never done in any video game seeing the Big 4 mascot legends all in 1 game together if Lloyd got in the games will fail because of stupid Tales fanboys ruining the moment (even if Pac's moveset is bland, they will still find a way to make him a unique character, remember both games are getting balanced), plus no one wants Lloyd in as a playable character (he has nothing that can make him unique enough, he is just another sword character (we're going to get too many sword based fighters anyways since Meta Knight is likely returning, and Chrom and possibly Shulk might be getting in).
Plus, I an anti-Tales fan and they don't deserve a playable representative especially if it's Lloyd (however if he gets in as an assist trophy (the Special Flag is going to summon Namco reps after all, so far all we have is Galaga and it's possible Dig Dug might be the other classic Namco character that gets an assist trophy (whether it's Taizo Hori (or whatever his name is), the common Pooka or Frygar) that's fine as long he doesn't steal Pac-man's spot), Pac-man is going to be the big E3 reveal (he has been hinted at numerous times already), and almost everyone wants Pac-man in.
No one wants Lloyd Irving? I'm constantly seeing people request Lloyd Irving all the time, many would far prefer Lloyd to Pac-Man, and clearly you have no knowledge of the Tales franchise at all. Lloyd isn't just another sword user. Lloyd's dual wielding would be an entirely new mechanic to Smash Bros. and techniques in Tales games are very unique.
No, Pit's dual wielding is nothing like Lloyd, especially since Pit only pulls apart his blades in certain circumstances. His techs can be combined both into his regular moves and some be his specials, and Tales already plays almost identical to Smash Bros. anyway (minus platforming elements, which wouldn't be difficult to incorporate).
Pac-Man is milked to death and isn't that interesting of a character. Other than his classic Arcade games, Pac-Man hasn't had the best games following up to that. He's never had major connections to Nintendo other than a couple of crossovers. His only decent post-Arcade games are World's 1 and 2, and Pac-Man Championship. That's really about it.
The Tales franchise did not start on Gamecube, it started on Super Nintendo. Well, Super Famicon; Tales of Phantasia on SNES didn't make it to the west. And Tales of Symphonia is the most popular game in the series. And the Tales series IS huge, its far bigger than Pac-Man nowadays. Its more popular in Japan, but its still popular in the west as well. With few exceptions, Tales games are universally praised, and Pac-Man rarely ever gets any good games.
Either way, I still think Pac-Man is more likely. I just think as a whole, Lloyd Irving is the better choice. And even then, honestly, I'm actually kinda anticipating we won't get a Namco rep at this point. (Plus I have no idea what "hints" are there at Pac-Man coming up, the only thing we've seen is the Special Flag which may be Namco's replacement for an actual playable character.)
Oh, and that article you mentioned? Sakurai never said he'd pick Pac-Man if a Namco character got in. Sakurai asked the IGN guy interviewing him who he'd pick for a Namco character, and the IGN interviewer said Pac-Man. Sakurai didn't say or hint at anything.
And this is getting off-topic.