Arkista's Ring is an action/adventure/puzzle game about an elf girl who battles giant scorpions, orcs, and forest-dwelling ninja in a labyrinth-like forest, all displayed in the charming square-tile graphical style popular with games like Zelda. It was released for the NES in 1990, published by American Sammy. Sammy now owns Sega, and Sega and Nintendo are newly in love. So today's game is kind of timely, in an oblique way. Also it's fun to play and stuff.
Why the game hasn't been announced for Virtual Console yet:
This game could easily be released on the VC. It was published by a company that has already done Virtual Console content, and is on a console that is already supported. It would still break some ground: no games from the Sammy side of Sega Sammy have been released yet, and no Sega Sammy games have been released for a console other than the Genesis. We aren't exactly clamoring for American Sammy's whole NES library, but this would be a good start.