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If this is any more than 2€/month or 25€/year this will flop hard.
1€ for the online and 1€ for the glorified rental of NES/SNES games (many of wich will be completely lost on anyone with a pre-existing VC library). Aside from, you know, online play in general, I bet their big feature that they are going to lock behind a paywall now is online multiplayer for VC games.
Even if you bring over your VC Library and pay their stupid upgrade fee, again, you're not going to get access to the new online features for the games.