Ye Olde Soul Calibur II Tournament

[A Black Falcon]

Yes, I would say that it's less balanced than Melee. While some characters are bad, you can still be quite good with them if you know how... in Soul Calibur you can win, but it's because of how short fights are and how much luck and button mashing is a factor... there is probably more strategy involved in a game of SSB.

I'd put Soul Calibur II's balance closer (though probably not quite at) the balance in Capcom vs SNK... that is, it's not completely balanced but it's fun anyway...