I was going to reply before watching the video, but I'm glad I watched it first.
First off, the video was quite shallow and Harry Potter came off as completely uncompelling. Also, the guy with the really horrid sideburns had a super annoying lisp. I'd prolly nail the tattoo chick if given the opportunity. The Icons show on G4 did an exponentially better job of doing what this "show" tried (and exceedingly failed) to do.
The dumbest point I saw was saying Final Fight sucked... it was a great game back in the day... they stated you could take it home and die all you want, but the game was $50, thats 1 start and 99 continues, if you cant do that in final fight in the arcade you should stick to needlepoint.
Another "point" in the video was that you cant play sports games at the arcade....
Yeah NFL Blitz, NBA Jam, and NHL Open Ice were abysmal. If you want less "modern" examples; Pigskin , Arch Rivals, and Hit the Ice. All good sports games (the olders at their time) imo

I don't really understand the attack on the Neo Geo though, the games were arcade perfect, the ROM data was exactly the same! The price point is what killed it, not the games. If you bought a Neo Geo , you went in knowing that 90% of the games were fighters.... I own 2 NeoGeos.
To reply more to this thread, I'm 27 I enjoyed a multitude of arcade games, frogger, bad dudes, pac man,Street Fighter Alpha, MKII been there played that, hell I even owned kickman on my C64. More often then not I played games at my local corner store, who always had 2 machines; one of the first I played was Break Thru, and that is the game that sucked me into arcades. If I didn't play at the corner store I either played on the rare trips to the mall or roller rink, or every Saturday at the bowling alley. The only real arcade was at the mall 20 miles away and I didnt have a car or a way to get there short of my parents or friends when they went with their parents.
As for no classics post 1985?
memory dont fail me now......
Tetris
Smash TV
Arkanoid
Ikari Warriors
Contra
Rampage
Out Run
Shinobi
Golden Axe
Street Fighter II
I could list a hundred or so great games but those can still be revered to as classics imo.
EDIT: I forgot to add that Mortal Kombat II on SNES was a downright AMAZING PORT, yeah the fighters were scaled down but other then that it felt like MKII at the arcade. Street Fighter II ,and all the variants as well, were ported superbly to SNES.
I dont get the Wii and other then bowling all the games have sucked on it, my nephews only play the GC games I bought them on their Wii and Tony Hawk downhill jam