They didn't do a great job at balancing it last time, which is why all "pros" are always Falco, Marth or Samus.
Anyway, I'm on the Wii, so I'll just point out the larger flaws in your arguament. The first being "OMG advanced moves gay lolkkodV€gv bcvvgtysyygth7uy". Firstly, I didn't say advanced techniques are bad, neither did anyone else. I specifically said wavedashing, which you can't argue isn't an unintentional bi-product of air dodging. Anyone who so much as reads the manual for Melee can L-cancel.