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PortisheadBiscuit said:
40 mins? Seems like overkill

Not really.  If they do a repeat of the Smash Wii U's '50-fact Extravaganza' then it will easily fit the 40 min timeframe since that one was 35 min with two new character reveals.  It's why I wouldn't see the 40min length as a confirmation of the recent leak like others around the internet are doing.