Haven't had a chance to hear it totally (i'll save it for my trip home tomorrow), but I have great memories of N64's launch. It was actually the FIRST system I actually got at launch, I remember playing SM64 at Toys R Us and was blown away, it was amazing and I constantly tried to go back to play it more. When the N64 launch was close, I remember the excitement being so great I would have been happy with the system by itself.
Playing SM64 all the way through after launch was so exhilarating, although when I was done with it (Including getting all 120 stars) I looked for other games. That is when things weren't so great, I did enjoy Pilot Wings but never tried to buy it, though I did pick up Wave Race 64 which blew me away visually even if I wasn't a huge fan of the game. Then there was that huge drought, which forced me to get Cruis'n USA for $70, and while I know it isn't a very good game, I had a blast back then, especially using the unlockable vehicles like the Police Car and just screwing around. For Christmas I got Shadows of the Empire, and I believe we paid around $90 for it. That was a game I still have good memories of and would love to see it on VC.
Beyond that N64 offered me some of my all time favorites from the BK games, Zelda: OOT, Mario Kart 64, Goldeneye and Paper Mario.