There has been so many posts that any efforts to multiquote would be in vain due to the sheer volume of posting. Instead, I will make a few statements.
1) Kudos to anyone still keeping the dream alive! The "Toad for Brawl" banner will not leave my sig until December 3rd. Sure, his possibilities of being a PC seem remote at best as of right now, but the possibility exists nonetheless. Peach has a plethora of Mushroom Retainers at her side; her "Toad defense" could be any one of a generic cluster of Toads, not just Kinopio (THE Toad). My fingers are still crossed.
2) Misto-Roboto?! Dude, I haven't seen you on here in forever! It's a pleasure. And thanks for your support! Hopefully cooler heads will prevail.
3) I am floored at the amount of insipid posts we have received as of late. Not only are we being bombarded with the "duhhhh I dunno what Toad's moveset would be, George, nope, no moveset" posts, but also the "LOLZ TODA DECOMFIRMDED!1!!!1 !" posts. This thread has become a favorite haunt of the unimaginative, the nondescript, and the immature. It's appalling!
As far as today's update goes, we know one thing: Peach has a Mushroom Retainer at her behest who will defend her and serve as a counter to an opponent's attacks. Everything else is still merely speculation. Some may call it "naïve", but it's really rooted in what is factual. Sakurai has not explicitly stated, like with ATs and Pokéball characters, that Toad will not be playable. Peach uses A Toad, not necessarily THE Toad. Assumptions are welcome, but do not present them as "proof" of your omniscience. Unless your name is Masahiro Sakurai, your opinion is just that--an opinion, neither better nor worse than the opinion of anyone else in this thread.