Hate to be that guy (because I know how it feels to have a character you want to see be pretty much hopeless), but I can't say I didn't see it coming from 20 miles away.
With a Toad being shown as Peach's meat shield again back in September, as well as finding out that the "Toad whose name is Toad" doesn't actually exist in Japan, it was painfully obvious we weren't getting a playable one.
I know what you mean Golden. This is the third(fourth?) instalment I've hoped for Toad now, but I'm done. I'm honestly done. I'm at a loss who to actually hope for now though for a newcomer. Maybe I'll just hope Yoshi doesn't get nerfed again.
The clues were there regarding Toad, but I guess with increased playable status of Toads, being well known all over the planet(even if there's no Toad whose name is Toad...
except I guess Captain Toad now who sort of is) and being one of the front runners for the Mario franchise; I'm pretty pissed off that Sakurai has decided to cling to past Smash ideas. Will Luigi ever get his Poltergust? Will Peach get some Super Princess Peach moves finally? I guess we'll see, but I'm not hopeful for either right now.
Here's hoping Ridley fans and those who want Captain Falcondorf to be altered don't have to suffer the same nonsense.
-------------
For Mario newcomers I'm now at a loss.
Bowser Jr. deserves it the most, but I don't like the character at all, whilst I do like Waluigi but have a feeling like Toad he'll be resigned to an old role; an Assist Trophy.
Rosalina, I don't dislike, but if it turns out she's the playable Mario character I think I'll actually be more annoyed than if we didn't get one at all if it's on the premise of being now a playable character in 3D World. If it's because of her role in the plot of Galaxy; slightly less annoyed, but still flummoxed why she was selected over either Jr. or Toad.
I have no hope for Paper Mario at all, although I don't dislike him. I just think the Paper series tends to get ignored a lot.
If Geno gets in...well frankly I'm going to give the series up altogether. One time side character gets in over playable, reoccurring characters like Jr, Toad, Paper or Waluigi is a kick to the balls.