As Rare is now owned by Microsoft, only a few 'characters' remain property of Nintendo (e.g. Donkey Kong). When Nintendo and Rare ended their contracts with each other, they looked at ownership and created a list of who would have the rights to what. Perfect Dark ended up with Rare, which allowed for Perfect Dark Zero to be released on the XBox 360. In short, Rare own all rights to perfect dark and so therefore it will not be released on the VC as Nintendo have no rights to use it.Originally Posted by Dreammer
The only way it could ever be released is if Nintendo where to talk to Microsoft about the sales issues. But this won't happen as the legal implications for one game are hardly worth it.