I personally like it when they pull characters out of old forgetten IPs but the main point here is that Non-Specific Action Figure would be a kick-ass fighter (even though NSAF can be considered way more obscure than R.O.B. or Mr. Game & Watch).

The obvious possibilities for new characters to include would be a Mii, Shulk, Zael/Elza, a 5th gen Pokemon and Krom (probably replacing Ike).  I personally think characters like Samurai Goroh, Non Specific Action Figure, Rundas, Little Mac and Isaac would work as well

As novel as the idea is, NSAF will realistically not be a character. He has a chance of showing up only as a trophy item (that does a single move and then leaves the screen).

A lot people have wanted a new Nintendo IP so badly, and now NSAF can be that IP. Or he could be to Wii U what this guy was to MS word:http://images.wikia.com/illogicopedia/images/6/6c/Paperclip1.PNG

I think Reggie should be a character in the next Smash, so I can smash the crap out of him.

This would be a fantastic idea, but knowing Nintendo the next character would be a Mii with customizable moves, with a campaign traversing NintendoLand