Ok first of all, you didn't lose on stage presense, you lost the ability to be braindead on stage. Like, sure the down b backwards combo is cool, but is it really that much fun to stay in shield against sonic every single time he uses down b? His stage presense is still extremely strong; keep in mind, you're the fastest character in the game, and have the 3rd best aerial mobility, and your attacks come out extremely fast in proportion to the cast, in addition to some really good grab combos and a moonwalk. Down B and side B should serve as a MIX-UP not the to-go move. As I said before, homing attack is supposed to be super risky off stage, otherwise he is damn near impossible to gimp at low percents otherwise; he will just homing attack if he gets knocked away... Does he really need that in addition to his already good aerial mobility? Keep in mind, he can still attack out of his up b, so he still has some easy kills off the top should up air hit. He has a great onstage game and an ok recovery game, and that is how he should be.
I feel especially passionate about these nerfs because they improved my friend (darksilence) as a player. When I first met him during the summer, he used sonic. He didn't wavedash, didn't tech, didn't L-cancel, didn't moonwalk, and didn't edgeguard till later on when I taught him those things. But somehow, he still kept even with me throughout the months because he relied on spamming down B > up air > up b > up air. When he wasn't doing that and I finally had the chance to attack, he would up tilt > up B > up air. Even with pikachu's up air, he would spam homing attack (occasionally hit me along the way) and still survive. When 3.5 came out, I usually destroy him every game because I had overall better fundamentals and I could actually gimp him. However, he has beaten me a couple of times and has forced me to use more mixups. He has been starting to use legit combos now and has made his own ken combo (I call it the silencer) where he would hit with the sour spot on his fair twice and spike with the 3rd one if I didn't DI it. He would've never learned how to do that in 3.02 because he didn't need to use any other moves besides down B and I am thankful that even if 3.5 caters to the spacies (which I don't really believe, but some people do) at least most characters are reliant on skill rather than gimmicks, and the game feels overall more fun to play.