Yes, I also think he'll be just fine. If you look at my latest tier list, I have him in High Tier. I just don't think he's Top Tier like some people are saying.
Pit can chase you offstage but in a MUCH more restricted manner than he could in 2.1. In 2.1, he could do something like dthrow > fair > fair > glide offstage > fair KO > glide back. Now, Pit can only do that if he glides straight from the ground. Needless to say, the combo will be dropped.
I honestly didn't mind a character that was based largely on gimping early, 'cause he had all the tools to do that really well. That and his zoning/camping prowess made him a good character in 2.1. I'm not saying he's not good in 2.5, but I highly doubt that he's better.