As someone that enjoys making game-related things and has a lifelong love of FFVII, its hard for me to be anything but excited. Its exactly the kind of thing I'd love to have worked on and brought to reality.
Then again, I still play Smash with family members so its still relevant to me.
Topically, I'm able to dissociate "Nintendo the Creative Powerhouse" from "Corporate Nintendo and its Interests", understanding that we are talking about 2 different groups of people who answer to and work under completely different heads.