EDIT: This post is a joke! It was posted in /c/memes, of course it is going to be a meme! If you consider this news, please re-evaluate your choice of sources.
At the same time, I think it says something about Nintendo that some actually believed this...
I know the 'I bought the games beforehand!' crowd will come out of of the woodwork real quick here, but they are of course trying to stop software that's mainly used for piracy. At least wait until their stuff is off the shelves before you emulate it to 'perserve' it. There is no need to be this salty about it.
This meme is not new calling it reactionary is funny. Speaking of funny, Nintendo has previously employed private investigators to investigate and stalk modders so they could sue them better. This is an old meme for a old problem.
In nintendos defense, they're perfectly fine taking away your ability to emulate 30 year old games they don't give a shit about too, just for a little more money. Usually, companies rely on good will with their customers to survive, apparently nintendo doesn't think they need that anymore.
Playing the games can be fun, but getting them to work can be a pain sometimes. Although it's satisfying when you've been struggling to get one to work and finally figure it out...wait, is that why people like the Dark Souls games?