Shantae: Risky's Revenge is one of the best-rated DSiWare releases, but it may not be well-known to all that it was actually a sequel to
Shantae on Game Boy Color, which was developed by WayForward Technologies and published by Capcom. Now that we have the 3DS Virtual Console, fans of the original naturally wonder whether we'll see the original on the platform.
Thankfully, since acquiring the full rights to the title, Wayforward is working on getting the title rated by ESRB for North American release. Once a rating is given it will go to Nintendo for approval and scheduling, so while it may be a while yet we at least know that it's on the way. One interesting point is that references to Capcom — such as the logo in the cover art — will be removed due to the publisher no longer holding any rights to the IP.
There's been no specific mention of release plans in other regions yet, but we'll bring news to you if we hear otherwise.