Iwata also spoke about Revolution's Virtual Console download system and admitted that other publishers are interested in offering classic titles to Revolution gamers. Just last week Iwata revealed that Sega Genesis and TurboGrafx games will find their way to the Virtual Console, joining Nintendo's old-school heavy-hitters.
He confirmed that, in addition to retro favorites, the distribution service would be used for new games, and that he sees Virtual Console as an integral way to provide players with reasonably priced, high quality gaming. Given that this pretty much jives with Microsoft's popular Xbox Live Arcade system, we're inclined to agree with him.
Above: Iwata at the 2006 Game Developer's Conference, where he announced the Virtual Console's growing library of downloadable titles
The Nintendo president proposed that if developers created something simple and addictive - like Tetris - he would want to make the game available on Virtual Console to keep the cost to a minimum. Iwata believes that such a practice would ultimately allow Nintendo greater opportunities than if it was concentrating solely on games costing upwards of $50 each.