Maybe an issue would be people not all having the same type of hardware though? Maybe you target an emulator. (Some Fantasy Consoles sort of count here?)
I haven't looked expensively but some of the retro themed jams were missing the "spirit" I was expecting.
I did a Nokia jam a while back — monochrome, beeps — and I remember being kind of annoyed that the rules technically allowed 3D Unity games as long as they followed resolution and color palette.
(A 3D cube spinning on a TI calculator is a different matter ;)