Meet the Polycade: a modern arcade cabinet that lets you play classic games alone or with a friend. It comes with on 4-directional joystick, two 8-directional joysticks, and over 90 games (it can play a ton more). If you are interested in learning electronics, you could always build your own using a Raspberry Pi 2 Model B.
This arcade system has a 28″ Insignia LED TV. The emulation software lets you play SEGA Genesis, Atari, Game Boy, and other classic games. More information is available on Kickstarter.