EDIT: After playing longer, Nintendo seems to have been really out to get anyone who used ranged tactics. Lucas and Ness can absorb every projectile (and Ness' surrounds his frikkin body) and it lowers their damage as well. Mario's been "fixed" so badly I don't even want to play as the guy anymore.
Uh well, Ness has always had that move, so nothing has really changed if that's what you mean. And it doesn't absorb every projectile, only energy based ones like Samus' charge shot, pretty much every PK attack, Pikachu's electricity, etc. Fox's reflector is much more annoying because it does reflect EVERY projectile. Mario's cape is pretty awesome too because it can deflect physical attacks too; the downside is that the cape has to hit the character itself to turn them around, so it doesn't work very well on Marth, Ike, etc.
I agree that Fox can be annoying with the reflector, especially if you are Ness/Lucas, but you can't expect every character to be evenly matched against each other. Obviously there will be certain advantages in certain match-ups. Besides, I think that Lucas could hold up pretty well VS Fox since he has MUCH better A moves than Ness.