Yeah, because light karts should be able to completely dominate. My problem isn't necessarily snaking as much as it is that it has no viable counter. (and NO, high item stats won't do crap) And where is everyone getting the snaking = skill from? It's not nearly that high level of a technique.
Oh, and wavedashing wasn't all of SSBM, nor did it render 95% of it's cast useless. It ADDED to that game along with L-Canceling, shuffling, and edgeguarding, and those only scratch the surface of that game.