It DOES come up, and runs at a solid 60 FPS on my 3.0 gHz Athlon. I think I'm using mame 32 v.101. I can check for sure when I get home tonight. I'll admit that I don't know about the status lists; I read someone posting somewhere about playing it, so I went home and tried it and it worked.
You do get the warning about how it has no sound, but it does, except the speech (and some text) is in Japanese. Admiral Akbar sounds pretty funny, I must admit.

It could be that the colors are a little off or you don't get all the sounds, but, if that's the case, I can't tell. It has been about ten years since I actually played this game in an arcade, after all.