4 Color Rebellion has an article about someone who claims to have the next issue of EGM, and that issue reveals some stuff that we didn't hear at the press conference. Sounds a little fishy to me, or at least dubious, but here it is:
$249 launch price
VC games will be "A few dollars for NES, $5 for SNES, $10 for N64"
VC games will support progressive scan, but won't have graphical upgrades.
TG16 VC games will be first party only, at least at launch.
Again, I have to doubt the validity of this source, but the info is perfectly plausible. I suppose we'll know for sure when the next EGM hits. Seems a bit pricey for those VC games... though it's still cheap when compared to Sony's download fees for added content. There are some games I probably would eschew at these prices though.