As promised, Nintendo dropped a new Super Smash Bros. Ultimate update on us today.
Unexpectedly it's a massive 20-minute stream/Direct hybrid from Sakurai himself: announcing that the Dragon Quest Hero DLC character will join the battle today. Sakurai begins with a small little oral history on Dragon Quest before diving in, also noting that the fireside concept differs from the typical Nintendo Direct model because he wanted to take care of business himself.
In terms of Hero news, all four variations are the heroes from Dragon Quest XI/S(voiced by Mitsuki Saiga), Dragon Quest III(Nobuyuki Hiyama), Dragon Quest IV(Takeshi Kusao), and Dragon Quest VIII(Yuki Kaji). Sakurai has provided code names for all of them: Eleven, Arusu, Solo, and Eight respectively. His stage is "Yggdrasil’s Altar," and there will be seven orchestral tracks from classic Dragon Questgames accompanying this challenger pack.
As a reminder each DLC character (Joker was the first) can be purchased individually or as part of a "fighters/season" pass. Today Nintendo re-confirmed that Banjo & Kazooie are still slated for the fall, and there are two unannounced DLC characters on the way that will finish up the fighters pass. Of course, with its massive "close to 15 million units sold" success, there's nothing saying Nintendo couldn't do a second fighters pass.
If you're not interested in the new DLC, Smash is getting a free update that adds an online tourney mode, new Mii costumes, a "very easy" difficulty for adventure mode, a better video editor, and a "predict the winner" conceit (that lets you earn points for in-game items) for spectator mode. You can find all of the info for version 4.0.0 here.