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Nintendo doesn't even make games with much online functionality so I don't know that it would do as well for them.

If Nintendo did a N+ and gave me old Nintendo games and Virtua Console games I would pay them monthly. Then they would just need appealing hardware.

I think an Ultra Gameboy at 99 would to the trick and is hopefully what they have in mind for their next gen portable cause people wont be paying 129 to 249. You can buy a full on phone or personal media device that plays games at that price and in some cases a laptop or cheap desktop. If they do plan on continuing in QoL they will need such low prices cause phones can do alot of that stuff with apps and would a cheaper solution than Nintendo software.