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I'm of the opinion that Microtransactions are really not that bad in theory, but far too few developers are offering adequate content for the price they charge ...

Mario Kart is the type of game which is well suited to additional downloadable content, and if Nintendo decided to charge $5 for a circuit of tracks, a couple of extra racers, and a couple of additional power-ups I think it would be well worth the cost. Most microtransactions are not this "affordable" and you would (probably) be charged $1 to $2 for each track, racer, and power-up and this collection of items would (potentially) cost up to $20.