While this image is very interesting, there has yet to be any evidence against our half genie hero. To rebound this thread, let me reiterate the things that point in favor to Shantae
-Support, Followed By Silence: When the smash ballot launched, there was a huge out poor for Shantae not just by fans, but by Wayforward as well. They went as far as to design a set of 8 costumes that she would potentially have as explain in an interview what they feel like her moveset would be. Along side showing their support, fans shared hundereds of pieces of art sharing their excitement with Shantae appearing in smash. WF liked, shared, and retweeted all of this art. Time goes by and we learn that this game's roster is based on the ballot. Excited, fans begin to re support their fighters. However, WF seems to be silent on the matter. The do not acknowledge fans asking about her possible placement in smash and they rarely like art that has Shantae in something smash related. This is a possible conclusion of a ....
-Possible NDA: A nondisclosure agreement would hinder WF to talk about her potential placement in smash. If there was no such agreement, why would they not deconfirm her right away? Why would they lead their fans on only for all of them to get disappointed? Sure, this does lead to a lot of free publicity and WF and definitely use that, but WF is not a scummy company. They love being open about the things they are doing and love their fans more than the games they make. To me, it makes sense that there is some NDA and it is VERY effective as she is not talked about as much as other potential fighters.
-Possible NCC: Shantae has had very few guest appearances, but the ones she has been in all have something in common, that being the games are not platform fighters. Blade Strangers have been open about how they would love to have her in the game. While it is still possible that this is her fate, I do believe that WF has opted out of several games to help increase her chances of getting in smash.
-Jammies Mode: This to me is a huge selling point as well as proof as their not being a NDA. I'm not sure how much a company is able to disclose to the public while an NDA is in place, but the hints in Jammies mode both gets me worried and excited. On one hand, their may not be an NDA and they reference smash as a little joke. This seems a little unlikely because WF is silent and ignores smash stuff. Why lead on fans to just be disappointed? On the other hand, disclosing these "subtle" hints may not be a violation of an NDA and their choice on how to reveal Jammies mode was calculated and deliberate. I'm skeptical but I'm siding with this theory.
-Popularity: I'm going to be fair to both Shovel Knight and Shantae, They are both in fact, Mr. and Mrs. Indie. I do not believe any indie character has been able to reach the popularity of these two (No, MC Steve does not count). While Shovel knight is popular here in America, Shantae has a much larger audience in Japan. This is due to her cute, expressive, and appealing nature. Cute things = popularity. Don't believe me, Jak and Daxter was a MASSIVE hit in Japan. Jak II changed his appearance to an edge lord, and thus the game flopped HARD. In addition, western releases of Kirby games have him look edgier on the box art then on Japanese box art. Shantae is more expressive than SK which is a huge win over him as far as inclusion. While I love SK's game, he is a faceless protagonist. This is not a bad thing, but it's not what Japan likes.
These to me are the major points to her inclusion. I am firm believer that she will be a fighter. So lets all agree that our girl WILL be in SMASH!