I think Fuerte got a lot better, but I wouldn't go that far. He's mid tier now IMO. I think part of the reason he won is because he ran into the right match ups. You have Evil Ryu and Sagat who are straight forward characters that can't rush down Fuerte and maul him. I think he was fortunate not to run into other characters like Kazunoko's Yun or Pugera's Ibuki. I don't know his good or bad match ups, I just feel like those two that are more mobile and are vortex/rushdown characters would have given him a much harder time. Which is why I believe Inco's Rufus was Pepe's hardest match up in Top 8 because he could more easily chase him down.
You mean like meeting Fuudo, Kazunoko and Tokido at Topanga Charity Cup 4?
Fun fact: EX Pugera was Pepedays teammate there. If you take a look at the match before Pepedays you can see Pugera play against Fuudo.
Obviously it's only one match so there is not that much take from. It's nice to see some unfamiliar faces to come out of the woodwork though.