For a few weeks now the word on then street has been that import favourites will not see a release on the Virtual Console due to problems with translation and such.
However, speaking with Wired, Nintendo senior Vice President George Harrison revealed:
“We are aware that there are some very successful Japanese franchises that have a small following in the US, and that they could never be reached by putting these products out at retail. We’re open to games released in Japan if we can get them translated properly.”
Result! Maybe we'll also see the release of some previously unreleased games such as Starfox 2. Here's hoping huh?