Bah, I'm always too late to the Xrd discussion. Thomasorus covered all the important I-No points I think.
I want to say though that Ogawa's tier list has a pretty obvious bias, in that I-No has historically been a troublesome matchup for Zato/Eddie. The other Japanese players do not rate her quite as highly.
I don't know that I could argue that I-No has been buffed in the new version though. Don't get me wrong, I am going to love the YRC's and the buffs to her FDC hopping (that's plinking from her jump D to green-block without getting burst to stall her air momentum, which I already abuse in +R despite the landing recovery), but it's still coming at the cost of: her double-airdash; her slightly-longer +R limbs; her amazing Force-Breaks; the extended reach of the Horizontal Chemical Love beam (relative to screen size); the combos off of dives; the old, more-invincible and persistent Longing Desperation; and the rush of the HCL FRC combos. (Okay, I don't expect any other Gaffers to feel me on that last point, but work with me here!)
What really does it for I-No in Xrd is that Axl's been neutered, and there's no Jam, Robo-Ky, Order-Sol or Bridget.