From SmashWiki, the Super Smash Bros. wiki

I've noticed "floaty" is being tacked on to most SSBB characters. It isn't a bad thing, as most characters are floaty now. The game is more focused on aerials, so floaty is a good thing now. huntercrunch~

-- 00:12, 16 August 2008 (UTC)It depends how you use the characters whether or not they are floaty. I'm a Link/TL player and I am big on aerials, but I think being floaty is just a way of playing. Certain characters are better in the air. I feel like floatiness is just for characters with big or multiple jumps.