My tier list for current characters and guess on final release build tier. Since this game is all about celebration of Playstation, I thought it'd' be best to name the tiers after Playstation franchises, the better the franchise, the better the tier. Franchise names for tiers are my opinion only, so if you happen to favor another franchise better, doesn't mean it's a better tier.
Twisted Metal Tier/A Rank
Dante, Sly, Ratchet and Clank, and Evil Cole
Uncharted Tier/B Rank
Big Daddy, Parappa, Radec, Cole, Kratos, Nariko, Heihachi, Toro, Nariko, Jak and Daxter, and Sackboy
Infamous Tier/C Rank
Spike, Raiden, Fat Princess, and Nathan Drake
Wipeout Tier/D Rank
Ok, I've been thinking about this for a while. I think this list is pretty respectable. 4 tiers, and I'm assuming the tiers are even in terms of how many characters per tier. Let me know what you think!
Dante, Raiden, Kratos, Nariko, Evil Cole
Radec, Sly, Sackboy, Cole, Jak
PaRappa, Ratchet, Heihachi, Big Daddy, Sir Dan
Drake, Toro, Fat Princess, Sweet Tooth, Spike
This is just a (somewhat) educated guess. Keep in mind I've only played as the beta and demo characters (Sweet Tooth, Sly, Kratos, Fat Princess, PaRappa, Radec, Big Daddy, Jak). The rest comes from watching gameplay videos.
I don't get why J&D goes consistently higher than a lot of good characters like FP and Sweet Tooth. I played him at GameStop and though I did very well, I found that he was really a mediocre character and I was just playing well myself. He seems like he's going to be a slightly closer range and less effective R&C.
Jak and Ratchet were probably the two that I had the most difficulty placing. I like Jak's moveset a little better, but Ratchet seems to have the better supers. I may wind up swapping the two on my list. But when I played Jak at GameStop, he felt a lot more fluid than I expected him to. Ratchet kinda looks like he just has a cluster of weapons thrown together that sometimes can manage a combo. He just comes off as a little disorganized to me. Of course, anyone who has played him is more than welcome to chime in.