I gave this a good thought lastnight, and i have made peace with it.
Thinking about it calmly, it's not really a bad deal, the issue is the lack of a tiered offer (with or without DLCs) that would sweeten the deal.
I have the advantage that both my sis and i play Animal Crossing, so we will get the Happy Home Designer DLC by paying only 8 € a year. I have a full group and everyone has agreed to pay the expansion pack.
If Nintendo adds more DLCs through the expansion pack it will raise its value significantly, putting in for example the BotW DLC, or XB2's Torna or the Age of Calamity DLC... The potential is endless, and they are not so dumb to not realize it.
Now, regarding the business model talk... I'm more comfortable with this Netflix style model. I mean, sure, as much as i liked paying for my Virtual Console games, the whole SNES NSO library (58 games) amounts to 464 € not taking in account the heightened price of imported games (puyo puyo, panel de pon, picross, psycho dream) and unreleased games (Magical Drop translation, Starfox 2), NES games (58 games) amount to 290 € not taking in account, again, import and unreleased games.
Mega Drive/Genesis games on launch will amount to 112 € and N64 games to 90, all of this in Virtual Console prices and, once again, ignoring imports.
That's a whooping total of 956 € worth of retro games at my thumbs' reach, and i honestly prefer that to the old Virtual Console style. No, i don't like the price hike, no, i'm not justifying it, but this is the conclusion i have reached.