Here is the list from the Wired site above:
FEATURES:
• THE LARGEST COLLECTION OF CLASSIC SEGA TITLES. All the favorites are here including Sonic The Hedgehog, four titles from the Phantasy Star™ series, as well as three titles from the Streets of Rage™ series, to name a few.
• UNLOCKABLE CONTENT. Unlock arcade games and interviews with the original game developers as you earn Achievements on the Xbox 360® and Trophies on the PLAYSTATION®3.
• ALL TITLES UPGRADED TO HI-DEF. The classic 2D style never looked so good! Each of the titles has been converted to hi-def (720p) and will be a blast to play using the intuitive controls of the Xbox 360® and PLAYSTATION®3 systems.
• MASSIVE MULTIPLAYER OPTIONS. Play these classics together with a friend from the same console at home.
GAMES INCLUDE:
Alex Kidd in the Enchanted Castle
Alien Storm
Altered Beast
Beyond Oasis
Bonanza Bros.
Columns
Comix Zone
Decap Attack starring Chuck D. Head
Dr. Robotnik’s MBM
Dynamite Headdy
Ecco the Dolphin
Ecco II: The Tides of Time
E-SWAT
Fatal Labyrinth
Flicky
Gain Ground
Golden Axe I
Golden Axe II
Golden Axe III
Kid Chameleon
Phantasy Star II
Phantasy Star III: Generations of Doom
Phantasy Star IV: The End of the Millennium
Ristar
Shining in the Darkness
Shining Force
Shining Force 2
Shinobi III: Return of the Ninja Master
Sonic 3D Blast
Sonic and Knuckles
Sonic Spinball
Sonic the Hedgehog
Sonic the Hedgehog 2
Sonic the Hedgehog 3
Streets of Rage
Streets of Rage 2
Streets of Rage 3
Super Thunder Blade
Vectorman
Vectorman 2
*Unlockable games to be revealed soon!
now if only they can add gunstar heros and roadrash 
Supposed to be $30 and coming out in feb!
