I play "old games" fairly often but I don't usually play them on the original consoles, despite owning a few of them. My Nintendo Wii has been modified so I can easily play all my Wii/GameCube games off a hard drive and I play all my NES, SNES, Genesis, and other titles from VC downloads or emulators.
When I saw this during the Direct I didn't know what to think of it and I didn't even realize it was SMT X FE until Bill confirmed it after the trailer. But now that I've had some time to let it sink in I'm actually kind of excited about the game, especially since it was announced that Shinjiro Takada is producing the title (the same guy who directed the Devil Survivor and Growlanser games). I'm also happy that this is not like Atlus's other crossover titles, Persona Q and Etrian Mystery Dungeon, where they just put the characters from one franchise into the gameplay of the other. Not to belittle those games, I like Persona Q a lot, but it is sort of cool that this crossover is going to be something really different. At least that's what I think based on what little has been said about the game so far.