Reno over at VirtuaFighter.com translated the latest tier list for Virtua Fighter 5: Final Showdown that was featured in the newest issue of Arcadia Magazine. This is an excellent post because not only does it give a break down of the tiers, it has a solid explanation of why each character resides in each tier and even notes from top VF5 players such as Itabashi Zangief. Reno mentions that he only translated a handful of the top player notes and more are on the way so keep an eye on his thread on VFDC.
Thanks again to IMNEXTONLINE for the heads up on this one!
S Rank: Shun, Lau, Akira
Within the top ranks, you have Shun, who has gained a ton of good moves and adjustments, Lau, who has not changed that much (but takes very good advantage of the new system), and Akira, who has been powered up. The changes to the throw system have not detracted from their game at all.
A Rank: Lion, Kage, Goh, Brad, Sarah, Wolf
All purpose characters are Lion and Kage, while Goh and Wolf possess very solid and simple 50/50 mixups. Sarah and Brad are also strong due to their stances. These characters have also not been affected too much by the changes to the throw system.
B Rank: Jean, Pai, Vanessa, Aoi, Taka-arashi, Eileen
Although they possess the ability to take on the stronger characters, they have quite a few weak points. However if they can compensate for their weakpoints with new combos and tactics, they may rise to A rank!
C Rank: Blaze, Jacky, Jeffry, Lei-Fei
They did not receive many upgrades or anything to really take advantage of the revamped game system. However, the difference between B and C rank isn't that large, if you were to ask most players.