I won't buy it but I don't think it's too expensive as long as it remains optional on top of the regular online. If you're the type of gamer who wants to play that one game of your childhood for 10 minutes to get your nostalgia fix, then sure that is a high price to pay. But if you actually play many of those games then that is a hell of a lot of content for what is not a big price.
edit: Come to think of it, I might buy it. At least for the first year.
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