^
edit:
I'm still not one for a tier list at this point, but me and a friend went about with making one of the nice looking ven-diagram ones because they are sexy and it needed to be done. we went about a few iterations, and took into consideration some opinions from a few other people here in AZ. Its not like definitive to be the opinion of us our the region, but everyone that had input was generally content with the placement of most characters. Tell if you guys feel its agreeable, there probably will be a few outlying characters (I put olimar way to high for the tastes of this thread, for starters, but I think he is a simple, but great, character. I also think fox is a bit to high but If I dropped him I'd have to drop other characters because I honestly weighed the fox/falco matchup as being worth more in the hypothetical matchup charts we made. I don't agree 100% with the placement of snake and ganon, and I half want to swap ROB and Yoshi's spots.).
treat characters in the same column to be at a relative level of goodlyness. characters that are by themselves were thought to be different enough to be breaking points in classification.
My personal thoughts: I'd switch Diddy and Wolf, then switch Meta to equal to Snake, and Wolf to where Meta was (I think I made that more complicated than it had to be), but that could be just me having a Diddy bias. Next, rather than the Links, I'd put Mewtwo and Ike in that slot, moving the Links down to the 9th or 10th column. I'd switch DK and Ganon, and switch Yoshi and DDD. Finally, I'd move Zelda past Ness and Boozer.
Explanation: Again, the first one might just be personal bias, but I think Diddy is awesome. He is fast, and can put on insane pressure, especially once you throw bananas into the mix. His bananas and peanuts also give him an awesome amount of stage control, he combos opponets well, and I don't feel like Diddy has any really hard matchups. Mewtwo is a bit of an odd ball, but I think that he can go places. His stage control becomes absolutely insane with that teleport and Shadow Ball, he has great spacing, especially with his b-air. I've always felt Ike was solid, his range, punish game, and QD shenanigans have always made him a major threat imo. I feel that Ganon is pretty weak in Project M tbh, he just hasn't been improved enough to keep up with everyone, and I think he has a hard time with a lot of the new matchups, and DK can wreck certain characters once he gets ahold of him (although I might just be overestimating DK because of watching too much Strongbad lol). I don't have a lot to say on the DDD-Yoshi swap, I just think Yoshi is better than DDD because of his combo potential, and because DDD has a really hard time with mobility, and a random Gordo probably WILL screw a DDD over at least once per tournament. Finally, I think Zelda ability to just keep you out with Din's, her Naryu's love (that move always pisses me off), and some decent kill power make her the better psychic over Ness, and I think she's better than Boozer too.