I have to admit, I also think the pricing of the VC games is too high. That has not stopped me purchasing however. I now have Mario 64, DKC, Sonic, F-Zero and Tennis. (Don't know why I bought that last one tbh) But I think I bought more just now than I normally would - because its Christmas, and I'm off work, and bored.
I totally agree with Pittbboi - in that there is still an overwhelming feeling that the purchases 'do not feel good'. In the UK - an N64 game costs £7.50, SNES/Genesis - £6, NES - £3.75. This is a little too high I feel. The pricing should be (at highest) N64 - £5, SNES £3.50, NES - £2. I think this would represent an acceptable pricing level, which still lines Nintendo's pocket in a healthy manner, but would reduce the feeling that you are not quite getting value for money.
Note - I actually still have my original N64 and SNES and all the software. But for convenience, and if the pricing was right, I would gladly re-purchase all my favourite titles for the VC. But I can't help but feel that the pricing leaves a bit of a bad taste in the mouth.
Even if Nintendo gave some discount to multiple game purchases, that would perhaps ease the pain. ie - Buy 3 SNES games get a NES game for free or such like. No doubt I will still buy most of my favourites, but I will also feel the need to gripe a bit about it.