A so-called leak surfaced on the internet supposedly revealing Alex for SF5, in a screenshot of him fighting Chun-Li in the Hong Kong stage that was shown in the announcement trailer since December. Along with this screenshot were grey test screens of Alex executing different normal attacks.
You'd think it was legit, except the visuals in that screenshot don't even come close to the build for the game that Capcom brought to E3 this year. Why would any newly revealed characters be presented with old graphics that have long since been improved on?
More importantly, the Alex model isn't exactly new. In fact, it wasn't even made by Capcom, but a relatively skilled mod artist.
So there you have it. And thank FUCK it isn't legit, because I think this skin for Abel is godawful. That face not only DOESN'T look close to the young Alex that Kinu Nishimura designed (a typical result from people who don't acknowledge New Generation's existence), but…. it's just fucking stupid. Just look at that screen cap on the bottom right. I've never seen a more retarded emotionless expression on any game character in my life. And why isn't his hair tied into a tail?
That's not to say Alex is out. BornFree from youtube thinks that he, along with Oro, still has a good chance at being in SF5, going just by the marketing decisions that led to the merchandise. This includes the Alex statue from Pop Culture Shock that came out a couple years ago. See for yourself. He makes a very compelling argument.