If it says Cherry, it is almost certainly a microswitch button.
However, the description of your problem sounds a lot like what I see very often with the old style IL buttons with an integrated switch. A lot of the old games I pick up usually either have these buttons or leafswitch buttons in them. These old style IL buttons have vertical tabs sticking out the bottom of the button and use an internal disc that makes contact with the tabs when the button is pushed down.
When the disc and contacts get oxidized, it takes either a lot of pressure or multiple presses on the button to make it register. When they are really bad, it may only register a press 1 out of 5 hits or so. They are pretty easy to fix, though. You can pull the end right off and then buff the disc and contacts to remove the oxidation, then it is like new again. People complain that leafswitch buttons are a lot of maintenance, but I have see more trouble with these style of buttons that I ever have with leaf buttons.
