This was awsome. The things that stuck out in my mind was that it looked like Snake sorta had a neutral air kinda like C. Falcon, except it looked like 4 kicks in a row. I loved how when Mario ran into him, he grabbed and immediated did a Judo throw and dumped Mario on his head. That was awesome. He's got the sleeper hold, he's got the box of course... the cypher seems to move a decent distance. His standing A, A, A, is right out of the MGS game... his down smash with the mine looks like it takes a while cuz he was digging out a spot for it, that must mean that it's pretty powerful if he can't just quickly stick it on the floor. There isn't another character who's smash attacks take time, UNLESS that was snake "charging up" his smash. Maybe if you do it quickly, he plants it right away, but it's weak, and then if you charge it, he digs more and more and then it's more powerful. Just a thought.
Anyway, I wanted to point out something that I thought was important. A lot of you are saying that it looks slower than Melee. It could very well be, but you all have to remember to factor in two very important things. First, we're watching it on an embedded video on a website. No matter what, that's slower than the real gameplay. Second, by now we're used to seeing amazingly awesome people play Melee and L-cancel for EVERY landing, and combo the crap out of each other. The gameplay we're seeing has none of that. So IMHO, with both of those things in mind, I feel as though it'll be the same speed as melee, and those two factors are just making it seem slow to us.