$200 might seem a bit steep, but this could be might be winner for someone who has never owned NG stuff and wants to experience it without shelling out, let's face it, a buttload of money, on a system and games. Especially if space is at a minimum and they don't have room for a bunch of giant carts. As a bonus, it doubles as a handheld system for on-the-go playing.
Many of these games might be available on the Wii VC, but the arcade stick is where it's at, and how many people have one for their Wii?
Ignoring the current prices of AES systems and carts for a minute, how much does just a consolized MVS go for?
I'll be curious to see if they offer more games for it down the road. I also think a big part of the value will come down to the build quality. The fact that it appears to be official hardware, as opposed to some cheap Yobo knock-off like those portable NES/SNES units, could be a good sign.