NEW ROSTER UPDATE: VERSION 4.5!!!! ( I decided to re-post this with a slightly different change, I sadly replaced Lyndis with Medusa.)
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Noticeable differences:
Matthew - Most people have Issac, as he appears in all the titles. I have Matthew because it seems he has replaced Issac's role and is mostly a reboot of him. This will be a more relevant way of representing Golden Sun. But both are very likely, but I go with Matthew.
Starfy - Starfy is one of the most likely, he's had 3 GBA installments, a 4th on DS, and a fifth western release on DS. He has become a pretty big Nintendo All-Star and has a lot of Move Set Potential. I suggest others add him.
Sheriff - He was the first Nintendo game (not counting
Computer Othello.) as well as an international arcade title, he can represent the arcade and his status of recognition is similar to that of Ice Climbers.
Newtwo - since Newtwo should be able to do every thing Mewtwo can, there's really no point in implementing the transformation, once you become the upgraded form there is no reason to switch back to the original form. It's easier to just have him as his own character so that's what I did.
NEW! Genesect - My newest addition. I didn't add Genesect because he's a new Pokemon, I added him because we need a Pokemon that hasn't already been playable. Genesect fits the description Sakurai gave on how he adds Pokemon characters. Genesect being in SSB seems very likely and has so much potential.
NEW! Medusa - If Sakurai brings us the Goddess of Light, it's likely he might want to add the Goddess of Darkness as a semi-clone. It seems like a likely thing to do. StarFox got 3 reps so I don't see it too unlikely for Kid Icarus to. Sakurai seemed to really want to push Kid Icarus in the Smash 4 Trailer.
Paper Mario - Bowser Jr is very likely to be the 5th Mario rep, but I see Paper Mario to be more preferred and unique. It just seems like the more logical choice.
Bomberman - Konami has recently acquired one of the most popular/iconic third-party characters from the deceased Hudson Soft. Bomberman has had as much affiliation with Nintendo as any of the third-parties if not more and has had games on practically every game machine since NES. It hasn't been confirmed that third-party characters will return and Sakurai and Konami may want to make use of this character.
Sonic & Snake - Most games that have guest characters usually only have them once. If any game does that it should be Smash Bros. I'm sure Sakurai may want to prioritize Nintendo Characters in a Nintendo fighting game, and not have too many Third-Parties. We could have Sonic, Snake, and Mega Man, and though it's hard to imagine SSB without Sonic, there is the possibility either 3 will be too many and Sakurai may want a second third-party to have a chance. I just don't see third-parties as veterans.
(I know Snake was added as a favor, but it was a request for him to make an appearance, not be a veteran for life. That'd be a pretty huge favor)
Mii - I think it's obvious he will use moves from Wii Sports, Wii Party, StreetPass Quest, and maybe even Pilot Wings Resort.
Costumes:
Villagette - I predict half of Villagers colors will be Boy, and the other half will be girl.
Dry Bowser - Either 1 costume or a second set like Wario & Villager.
If you have opinions or constructive Criticism, please give suggestions below.
(Credit to Ariand/AEM for making the Backgrounds of Mewtwo and Sheriff)