Nintendo did confirm that 12 Virtual Console games would be available on launch day, including Donkey Kong, SimCity, Super Mario 64, Sonic the Hedgehog and Bomberman '93. The release also confirmed that new VC content would be released every Monday and established pricing for Genesis and Turbo-Grafx games at 800 points ($8) and 600 points ($6) respectively.
Of course what is perhaps the key online feature for a game console -- actual online game play -- still won't be available until next year, making a lot of this moot from a certain perspective. Still, this delay in more basic online functionality makes us wonder how well Nintendo's online strategy will be able to go from a practical standing start to keeping up with the big boys.
[update: Original article said Jan. 17 for the News Channel launch. This has been fixed above.]