Ryu's not bad, he's just dumb. His neutral sucks now more than ever, but once he taps you it becomes "Will I 4H+K, or won't I?" Guess wrong and get rekt. Guess right and it's back to his derpy neutral.
He only gets one new move. Few alterations to functionality on his old moves, but the negatives outweigh the positives making his neutral a bitch at the trade-off of his new 4H+K functionality. He's just LR Hayabusa but goofier.