First, Foley is going to contact folks like Namco and get the license to sell individual games for up to $10.00 on a irom like site.
Second, he my hold top titles for use on his over priced cabs only.
WHO, (I'm not being sarcastic) is he going to sell these iroms to? People who build their own cabs? Joe Smoe with a desk top computer? Small garage companies that build cabs?
If thats what he wants to try then hes welcome to try, however given the shareware alternatives and the fact that most gamers are going to choose pretty graphics over classics I suspect he may struggle.
What Foley must determine is the true market value of these things to the average user, taking in to account their other (legal) options. For the most part people want to play games because they're *fun* to play, Pacman being Pacman does not automatically make it more fun.
Foley is a businessman, and these are the simply basics of any business, if his service is to be successful he will have to negotiate a price he believes he will be able to sell at while still making a profit. Looking at the poll on Retroblast this indicates under $1 per title.
http://www.retroblast.com/polls.php?poll_id=17 with things such as DRM no doubt devaluing the product even futher should that route be taken, even if I believe it to be doubtful. I highly suspect that any attempt to charge more than that would result in a very low level of sales, people don't need to play games and given the choice between paying more, or not playing the game at all I suspect the majority of people would choose to not play the game, and instead seek an alternative updated version which they see as better value.
Emulation is not the enemy here, the fact that there are newer, better games retaining the same simple gameplay is.
Again, it remains to be seen, price something right and people will buy. I just purchased a number of original CDs because they were