Planetgamecube added these interesting tidbits:
"The price of downloadable games is not currently finalized, though it is likely to mirror Xbox Live Arcade game prices. While franchises like Bonk and Bomberman are pretty much guaranteed to appear, the Ys series is also likely to appear. Many of the Hudson employees are big fans of the series, and it is a favorite of the president of the company. It is not currently clear how the Virtual Console will handle previously CD-based video games, but the company believes that they will make it work.
Konami’s buyout of Hudson last year had many concerned about the future of the company. However, operations have not changed at Hudson and they continue to develop their games independently, with financial support from Konami. Hudson was Nintendo’s first third-party developer, so we were curious whether it was Hudson or Nintendo that came up with the idea for TurboGrafx-16 games on the Virtual Console, though it was apparently Konami who mediated the deal."
Hudson's interested in Ys on the VC, making cd-based games possible (hopefully Sega feels the same), and that Konami "mediated the deal"---makes me really curious how interested Konami is in the VC itself. Konami is one company that, outside of bundling up Gradius and obscure crap, has never shown much interest in tapping into the retro market. Here's hoping the VC changes that.
As for Hudson, I'm not all that familiar with most of their stuff; I hope the pricing is cheap enough that I can give most, if not all, of their catalog a shot.