I can actually tell you what sucks about it, if you're willing to update it. (It's mostly the color selection, for example, brown doesn't go well with most colors).
I feel adding it more lag would make it not be as good as a setup, but we'll see how he fares, everything's subject to change, either way, and many moves will be changed.
EDIT: I sent Kagemaru Tifa. Now, I'll start working on my own Tifa starting the PSA'ing from 0 (Going over ZSS), but using most of Kagemaru's animations. Expect a video soon.
OMG Tifa over Zss!!
And about the recolors, they were a quick job just to have the chance to play more than one as wolverine. I plan on remaking them
Anyways, here is some feedback on Wolverine v2:
His final Smash should have good KO potential, considering how hard it is to get a KO with him. Also, might want to have a look at his AI and see if there isn't any other that could actually make him worthwhile to fight. Right now he is a very weak opponent if the CPU is playing him and in all CPU battles he has never, and I mean Never won a single battle...and I have tested with lots of CPU battles, 30 or so. All ranging from 5, to 99 lives.
His one KO move, shouldn't he be using his claws instead of a punch?
Perhaps something more akin to this? :
http://www.gifmania.ph/comic/xmen/wolverine/Wolverine_Low_Slash.gifHis final smash should perhaps have some better range as well. A suggestion would be that he would run across the stage, slashing wild and taking his opponents with him, then when stopping he will go wild on them, leading to almost certain KO.
Kinda like he would run like this:
http://www.gifmania.co.uk/comic/xmen/wolverine/Wolverine_Crazy_Slash.gifAnd then when having "captured" opponents with it he would do something like this:
http://i297.photobucket.com/albums/mm210/VuciousCreed/WolverineWeaponX.gifAlso, one of his up moves, the one when he looks like he is climbing a ladder should perhaps be redone. Maybe he should instead of jumping up, simply double stab his claws upwards, then pull them brutally apart.
That's my two cents.
Hope they give you some ideas