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BasilZero said:

Microsoft does have some characters they can use such as the ones from Halo and Gears of War and of course cant forget about Rareware's Banjo Kazooie and other characters. But I feel like they need more characters and more exposure of the existing characters in cameos or new appearances/games as well (such as BK).

I'm hoping Squareenix, Capcom (Capcom Fighting Jam/All Stars doesnt count), and Namco do Smash Bros. type games as well~ (Although we'll probably get a Street Fighter clone with a 100 versions/releases from Capcom....).

I think Square has already started somehting like this with their Dissidia series, all they need to do is add more characters outside of FF, Crono, Musashi, one of the guys from the bouncer, a Tobal character.  I dont think we'll see anything like that from Capcom, the closely is the VS. series. I was hoping they would continue the Pocket Fighter series and just add more characters. Namco should just add characters to the Tekken Tag games since those are non canon anyway. I dont think they should make Smash types of games, their are only so much variation you could do with that sub genre. Im surprsised that more companies havent done things like this. SNK started it and that was way back in 94. I dont see MS doing something like that for awhile.