Absolutely agree with you two; a Sony version of Super Smash Bros. that includes Ratchet and Clank characters in the roster would be awesome! =3
I also figure that Ratchet, as well as other characters from the series, could do well in something like Soul Calibur, Marvel vs Capcom, and even Dissidia: Final Fantasy.
For Soul Calibur: Ratchet is all I can think of. Perhaps as a guest character for the roster, similar to Link, Spawn, Heihachi Mishima, and Kratos.
For Marvel vs Capcom: Again, Ratchet, as well as Nefarious and Quark. and Ace Hardlight, too. XD
For Dissidia: going by the presumed formula of at least one character each on the side of Cosmos and Chaos from each game, I would include Ratchet and Alister on the side of Cosmos, and Nefarious and Ace Hardlight on the side of Chaos. Storyline-wise, Alister and Ace Hardlight's loyalty to their respective sides may shift (i.e.: Alister may be tempted to betray Ratchet to save the Lombaxes, and Ace would have second thoughts about his actions).