My 0.2 cents:
Back in the late 90s and even in the beginning of early 2k, it was still OK and acceptable to have ugly/large wooden custom arcade cabinets with heavy CRT monitors & TV's in our living rooms to enjoy with our friends & family, the same goes for HUGE quality floor-standing speakers and Hi-Fi equipment. Now days >2012 when we live in the minimalistic and clean interior design era of flat screens with lots of empty and open spaces; many of us have been forced to throw away or sell our beloved cabs/consoles/carts/speakers/retro-collection etc. or in best cases put it away in a dark moist garage if possible (R.I.P.). If you don’t have the space for a dedicated gaming room or a dedicated home-cinema room or a home gym etc in your house then you’ll have to sacrifice and get rid of lots of stuff from your bachelor years if you want to socialise with people without being called a hard-core nerd by your wife or friends. 
I still love MAME and I use it on my HTPC in the living room connected to the wall mounted flat screen along with some wireless custom arcade-sticks but it isn’t the same at all as playing on a real arcade cabinet. (But thank god for HLSL otherwise I would’ve never accepted to play my retro games on an LCD monitor.) MAME has given me lots of nostalgic joy and happiness since v0.30+ and I will always keep it up to date, compile my own custom builds and check these boards weekly for as long as possible even though I don’t have time to play the games anymore due to my business and real life catching up with me. I am certain that this project will outlive us Retro-Arcaders and will bring lots of joy and happiness to the future generations as well (at least the top-100 best/timeless arcade games will still be enjoyed in the future. Quality=Timeless and ages well, and time eventually erases ‘CRAP’, that has always been true with art, music, literature etc. and now retro-games as well.).
* Virtual Console also plays a major role in this case in my opinion since it makes it possible to play the games legally and also makes it easier for newcomers or not so techie people to enjoy these old games in their living room without all the hassle with emulators/frontends/updates/pc-upgrades etc. Virtual consoles is also a good option for those that don’t have a HTPC in their living room and want an easy all-in-one solution to connect to their big screens.
Cheers
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“Anyone who has never made a mistake has never tried anything new.” --Albert Einstein
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