Yea his standards have really been tweaked and his specials a little too, so he' very different. And there is a 3rd Brawl comercial, it's a recycled Japanese one but it's real since it's on the Wii youtube account.
That Falco style is incredibly cheap at times, but he's very skilled otherwise.
That kind reflects my strategy with Falco in Melee; spend most of your time dodging, lots of aerials with the occasional blaster shot for a hiccup. But he wasn't too good at actually connecting in aerial combat for most of the fight.
That glitch is spectacular for Toon Link's own special Ken Combo-- there was a video of that a little earlier, and the possibilities for raining death from the sky are great.