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JEMC said:
Big publishers can launch game compilations, but that doesn't apply to games from small ones or even the ones that have disappeared since then. Plus, with a virtual console of sorts, you're giving the chance to the user to buy the games individually... which will be more expensive than bought through a collection.

So no, I think there's still room for a virtual console or a new system inspired by it.

Yeah certainly the more obscure games will get lost if Virtual console would go away (I doubt we'll get many Romancing Kingdom Compilations out here)

I always thought The Virtual console brand would be great for PC and Mobile ports. Functioning as some sort of cloud for classic Nintendo Games on other platforms.....but yeah that is likely to never happen.