I bet every character most likely will be changed even a little bit by release in terms of balancing, so you never know.
If we're going off of what we've seen, Villager is probably going to need a full on rework to not be gutter trash tier. He was good in 4, then got invalidated by DLC, now DLC is only slightly worse and Villager got the nerfs they should have gotten. The change to his Up B is absolutely huge and makes our matchup against characters with good edge game even worse, ESPECIALLY Marth who already beat us.
Villager has been on a downward slope since after Bayo and Cloud dropped, with the fact that he still has all his terrible attributes from 4 (horrible run speed, horrible grab, susceptible to rushdown and swordies) and no substantial buffs to compensate, Villager is going to start out on the wrong foot in Ultimate and likely just get worse as time goes on.
It's really depressing to see my main of 4 years get dumpstered by DLC, then get dumpstered by Sakurai while Marth is just as good if not better and Cloud and Corrin got slaps to the wrist. If he's as bad as he looks when the game drops I'm seriously gonna have to stop playing him seriously and that is so sad.