Yeah I guess its a nostalgia thing. I started playing video games with Pong and things have come a long way since then. I guess its just not a niche for me, I like to look forward. I had a lot of fun playing Megaman for example, but I wouldn't break out my old NES (even if I had it still) when I could be playing something like Fallout 3.
Its good they can find backers for their project, but I would hope that its more a lead into better things. "Look we did X with a shoestring, how about a real budget" as opposed to them getting a bigger budget and just doing the same sort of thing.