I know you said sort of, but it isn't really. Seems people are bein panic-y.That's sort of understandable - it's just post-Metaknight trauma leading them astray.
1) it's a demo
2) it's an early build of the game
3) half of the characters weren't playable
4) the game is not out yet
5) this is only one tourney
A lot of those points overlap, but should give a general idea.