BHK, have you ever BEEN to an actual arcade???
The Xbox and PS2 are cool and all, but the arcade was an experience in and of itself. It was a culture. Sure, there are places like Dave & Busters and some other 'family amusement centers' still around, but it's not quite the same.
I have MAME on my PC, but as fun as it is to play those old classics on my computer, a keyboard and joypad is just no replacement for a sticky joystick in a smokey room with a pool table in the corner.
Ok...I feel old now