Didn't he also get 2-0'd by a 12 year old link player who's game plan was like 80% boomerang and Zair?
Emu himself has said he doesn't think he is that great and he just got carried by playing/developing a broken character.
He is good but calling him one of the best players ever is a bit of a stretch.
M2 is definitely still very good in 3.5. He doesn't have TP hover, but thats really the biggest noticable change (tail size difference hardly matters, uptilt nerf hurts), and his dtilt got buffed. I think he does well vs the other really good characters, I can see him being considered top 10-15 still.