OK, I think I'm getting a better idea of how they work. I'm not entirely sure how that MultiJAMMA kit design works when the daughter boards have a single MAX4615. Can't really see what the other IC's do, but that doesn't nearly seem to be enough pins there. Makes me wonder if he's simply cutting the grounds (where appropriate).
I saw mention elsewhere of a two-fer JAMMA harness that seems to be comprised mostly of diodes.
Oh well, I got my cheap answer to my cheap question. Thanks.