Ok, I think Project M loves you now.
I'm hyped for Melee Falco, although I must admit that I'm sick of all of the Melee hacks now. People should start making more well-known characters, instead of old designs from Melee.
As far as I know, only ganondorf and mewtwo's model were vertex hacked to brawl. that is only 2 of 25 characters (I am not counting texture hacks).
also there is only 1 soundhack( for mewtwo)(I do not know if there are more)
Barely any melee stages have been ported
Project Melee is not even on public beta yet
They are not close to finished in porting all that stuff
They can make well known characters later
Sakurai should of just released an upgraded melee so they do not have to port all this melee stuff lol