Ground Kontrol (http://groundkontrol.com/) has generally done an awesome job imparting the vibe I remember. And The 1-Up (http://www.the-1up.com/) has given me similar goose-bumps.

Of course, now that I can enjoy a beer, the fact that both these arcades serve fantastic beer and some food sure doesn't hurt. I'm only sad that I don't live in Portland or Denver near these arcades...