The VHS tape is used as a "scale indication". No C64 revival.
Taito revealed their new arcade board the Type X, it's using PC parts (actually it's nothing more than a PC), the first setup is made with a Celeron 2.5GHz, a Chipset Intel 865G, and a ATI RADEON 9200SE, running a WinXP embedded, the developer could actually change the setup (like a normal PC), and upgrade the graphic card requirement, (it's the Arcade owner that will have to upgrade of course.)
Taito is saying that this new system was created to help reducing the cost of arcade games by 10/15%, and they also saying that the port of arcade games to consoles will be easy... And they're talking about the PS2(which is famous for its celeron and its directx friendly architecture, strange that they didn't talked about the potentials Xbox ports.)
There's 5/7 games being actually developed(using DirectX) for that board, it will be released this october(Japan first), Taito plans to sold 20.000 of Type X within this year(fiscal).
Link to Gamekult (Fr to En)