I always figured that mindgames and such should be factored in to match ups.
Not in a general sense, like the opponent is going to fall for every trap, but more the safeness, effectiveness, and multitude of ways Sonic has of effectively screwing with the mind of the opponent.
A lot of the safeness revolves around the fact that a lot of his moves can be shield cancelled. He has a lot of ways to mix it up too. I know it's player specific, but a Sonic main can go to town with probably the biggest amount of mindgaming tools that anyone has in the game with him.
I've heard that mindgame potential was factored in in melee match-ups, specifically affecting Falcon and such. Why not Brawl? If anything, this game is MORE focused on mindgames compared to melee because Brawl has no exploitable AT's to abuse and overpower lesser people, so you have to think more and set traps. This is particularly true of Sonic.
Final thing to say on the matter is that match ups should be based on high level play. As in, a high level Sonic player will be setting more traps and playing more mindgames, and although the opponent will be more savvy to them and avoid them more, they would still feature prominently, though when playing a character like Sonic as I said before will probably not suffer through a good piece of reading. Basically, we should assume they are good Sonic players, like we should assume that the opponent is good too. For me, an ASC cancel into a double-taked grab from Sonic should be no different than say..an advancing bair approach from Luigi. They're both natural things to do. A lot of Sonic's so called 'mindgames' aren't really mindgames at all, people just bandy the phrase around whenever they manage to pull off a fully charged fsmash off on someone or some crap.
We should take this into account, natural things for a high level Sonic to do, rather than presume they're going to be scrubby and dash attack/spindash backwards and forwards across the screen with little else in between.
Anyway, Sonic is not at a disadvantage to Pit. We discussed it on their boards a few weeks ago. It's pretty much neutral.