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PS+ is a great service, but I don't think the formula would work for Nintendo. Nintendo's first-party software typically sells long after release at full or near-full price. So Nintendo would probably lose money if it offered its best-selling games for $50 a year, for example. The same is true for the Virtual Console games. Nintendo can charge high prices for its legacy games because they remain popular 15, 20, 30 years later.

I would much rather Microsoft adopted the PS+/Netflix model, to be honest. "Games With Gold," as it stands now, doesn't offer a value comparable to PS+, even if the games are yours to keep in perpetuity.