Darn it. I just had a big response typed up and I lost it.
Bottom line...congrats on the space...hope you do exactly what you want with it!
So some quick thoughts...
Everything still looks too tight. Not a lot of walkway and not a lot of seating. If you have like 10 people over, you might end up playing musical chairs. Plus, the kids will plop in the theater seats and you can't really shoo them away because all that's left is bar seating.
Larger luxury seating looks like you're now too close to screen, especially if it's 120".
An arcade cab isn't really needed at the bar when you've got 14 games 14ft away.
Shuffleboard looks too narrow in render. Double check that. If shuffleboard overhead light is on, it could be a distraction to theater viewers. If the light is off, shuffleboard won't be inviting.
If possible, I'd suggest swapping the theater area with the arcade area. You'd need a smaller screen than 120" to fit into 9ft wide, but I'm not sure about seating width. Maybe you could squeeze 3 in a row, maybe 2 rows of 2 or 3 rows of 2.
Would you plan on using the theater for gaming? Wii, Kinect, etc might require more space before the seats.
I'd also suggest going with much less dedicated cabs. You could use that space for the skeeball you mentioned...maybe pachinko, maybe slots, etc. Swapping the areas would keep all the games in one area.
If you don't swap, I'd suggest adding 1-2 TVs to the game area so that guests can play your games and still watch the sports games on TV.
You mentioned a stage. I see it in one drawing, but not in the renders. If this is for karaoke and dancing, consider that kids and possibly intoxicated adults will be flailing about. If you don't have a retractable screen, this could be an issue. Same concern if you have speakers and a sub nearby.