Yeah, the selection is rough. Though you have to see...do they blow their load at the start and release all the heavy hitters like every Zelda, Metroid, FZero, and Mario from NES on up? While that would be amazingly awesome...what would people then look forward to?
I think the pricing needs adjustment. $5, $8, and $10 for NES, SNES, and N64? I'd say $2, $3, and $5 would be far closer to what I'd consider paying. NES games made their money long ago. Theres no development time anymore...its just profit to sell these ROMs.
Now $5, $8, and $10 is good for new, VC specific games. Like Geometry Wars or whatever...a new game made for VC. Hopefully Nintendo has games like that already in the works.