Sorry to burst your bubble-- but NO WAY an arcade machine beats a stripper pole..
Ok, during the day... you'll have the coolness factor, but your buddies across the hall will be the envy of campus when they've got drunk naked college chicks swinging from their stripper poles at night... while you're pounding buttons playing mortal kombat..
But.. If you were going to go with a machine in a dorm room.... Make it a cocktail if possible, or a cabaret cabinet.. The cocktail could be used for storing stuff when it's not being used.. Dorm rooms, no matter how big, usually can't fit a cabinet comfortably.. I had a HUGE dorm room at school, and there's no way it'd fit with both beds, desks, etc (Unless you've got a living room/common area type of setup to a couple of rooms, then throw that pig in the living room).
I say, only thing better than one stripper pole, is two stipper poles. or a stripper pole & lighting system.. :-D
--NipsMG