If they build it, scalpers will come (probably literally).
In all seriousness, the controller alone would make this a much more expensive proposition - people are expecting multiplayer, so be ready to buy 2-3 additional $40 controllers. I'm thinking: Mario 64, Zelda OoT, Mario Party, Smash Bros, Mario Kart, Paper Mario, Starfox 64, Wave Race, Pokemon Snap, Donkey Kong 64.