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What is the difference between the Wii Shop and Virtual Console?
Virtual Console is the brand associated with digital downloads of games from other consoles on your Nintendo hardware. Wii Shop is the online storefront for digital content for the Wii.
So you can buy Virtual Console games (from NES, SNES, N64, etc) from the Wii Shop, which is on Wii Mode. That will only be an option for a short while longer. You can also buy Virtual Console games from the Wii U eShop (and 3DS eShop), but there is a different selection of games.
https://www.youtube.com/watch?v=OZ91uR4KGd8 (Note: Some of the TurboGrafx-16 games have been re-released on the Wii U since this video was made)
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