If it's a fake, it's an exceptionally good one. The added characters' pictures line up properly with the others, both in terms of alignment and direction, the characters don't look partially imitated (the water dragon could have been a recolour of Yoshi, but it's subtly different in shape), and the fact that Diddy wasn't just thrown in where the Mii symbol had been or anything.
And the background doesn't appear to have any artifacts due to the edit necessary to remove the line, or due to the recolour necessary, etc. As for the list of characters, it's a good spread, covering various games within the universe and not using anything particularly unrecognisable.
I'm not going to say it's real, but I could believe it to be.