First off all people should stop creating threads like this. We have already planty of those, really no reason to make another one.
And don't get me wrong - im disappointed by NRS patching politics like most Kenshi (and not only) players but it is what it is.
Possessed and Kenjutsu are okish. Problem with that is being okish in MK X - it doesn't mean that this character is good enough. In a game where like 15-20 other characters (variations) can easily be on rotation for top 10 Kenshi has no place.
Can you win with him? Sure, like with anybody if you outplay your oponent. It just gonna be harder with Kenshi than with other, better characters / variations.
And it doesn't matter that some characters have only 1 viable variation and 2 bad ones. Coz usually that 1 is considered top tier / top 10 and that's all you really need. Almost any competitive player will take 1 good variation over 2 okish.
Balanced is bad. No point in whining about it for 100th time, if anybody wants to play Kenshi than he should forget about this variation. And no, you wont do much with this variation, you can win if somebody doesn't know the MU or if youre outplaying hard your oponent. Other than that you probably gonna get destroyed on first whiffed special.
Also most of my Kenshi mains/friends should use more parry, it's pretty great in Kenjutsu. Granted you can get destroyed on a bad read but i rarely see any Kenshi player using parry (not reflect) at all which is a mistake imo - it can stop a lot of bullshit.
Also people saying you can and should cancel any string into push (especially in Kenjutsu) to make it ok, should.... quit the game.
Anyway, Kenshi in MK X is how he is, probably not gonna change much / more if at all. So unless you love that character like me i suggest you pick up another variation / character as your main if you wanna compete and use Kenshi only for fun or certain MUs. No point it constant whining.