Pretty nice.
I agree about the Arcade font at the top. I would prefer to see fat letters and also something that would cover the blank space in the top/right corner. Maybe even if you centered 'Arcade'.
I might suggest flipping the faux 'control panel' so that the curve is on the bottom as if you were standing at a physical CP. If you don't like the sharpness of the top at that point, perhaps make the CP part rounded on both the top and bottom, as is seen in many CP button outlines.
Personally I don't particularly like the font/text on the bottom, only because it reminds me too much of NES. Great wording, though. Simple, but effective.