So Red, Blue, and Yellow are coming out on the 3DS eShop next February. Awesome, I never got a chance to play them (though I did play Leaf Green), so I'll almost certainly be picking at least one of them up.
Apparently they will also allow connectivity among themselves via the 3DS's wireless functionality, which is unheard of for Virtual Console games. Hopefully this'll set a precedent for future VC games. No word on whether they'll be compatible with 6th gen games, but probably not. It'd be cool if you could transfer your Pokemon up to XYORAS through Bank, though.
I'm hoping they'll fix all the glitches and exploits, too, but according to the article on their website "the games remain true to the originals", which means that in all likelihood they'll go the lazy route and release them completely unaltered. Which is too bad because it'd be interesting to see what a Gen I metagame would be like with Ghost actually affecting Psychic as intended.