Yeah, I'm disappointed. I rushed to pre-order this, thinking that Sony would deliver a great library and solid emulation. I teetered after the full roster was announced and then cancelled my order when these previews surfaced.
I cancelled mine as soon as I saw the library, this just seems to justify my decision. I had two preorders for it as well, one was for collection and the other was to play. Hopefully they redo one next year or in a few years.