So this is out, and from what I can tell, it blows. The emulation is garbage (the audio on slalom is appalling) and the xbone controller is awful for these types of games.
The visual presentation of the nes games is pretty sad, too. You can not adjust screen position or size, and cannot add scanlines. There is a "crt" filter that intentionally curves the screen, emulates composite video and looks like a monitor that needs to be recapped.
I'll have to bust out my Cronus max and use my qanba stick just to play any of these. I guess the one nice thing is being able to play conkers without hooking up my n64, but I haven't tried it yet. My n64 is rgb modded, and the way things are going here, probably looks better on the original hardware.
This is really sad. Rare is special to a lot of us. I'm particularly fond of their nes games, which are among the best-looking on the console, but this rushed crap does the legacy a disservice.