RISE FROM YOUR GRAVE. . . then get back in.
Uh huh.
So I forked over a few hundred MS Points and bought it (yes, I played the demo first). This game is like the candy bars near the check-out at the grocery store; an impulse buy.
The good: it is every thing you remember it being. When it came out, it was a good game. Fair graphics and fair story line. It ate your quarters happily at the arcade and you kept feeding them in.
The bad: you'll play it through once, get your handful of achievement points and never touch it again. Looking back, even by 16 bit standards, it is sub-par. Play is very linear with no secrets to find (other than when to duck and when to jump or punch).
A good alternative would be to get the SEGA compilation pack that was just released that has it on it. It'll cost about 20 bucks but you'll get a butt-load more games to never play again. Save your points for a more worthy trip down memory lane.