Yes, and I have some fond memories of it.
Last summer I was at Creationfest (Christian event in Pennsylvania). We were staying at a campground, and in the main office was a small arcade with a Marvel Vs. Capcom arcade machine. I beat it twice while I was there, but that wasn't the best part. Due to the event, there were lots of people there, so some kid about my age challenged me to a match. I beat him in front of all of his friends. Apparently, he considered himself to be good at video games, which his friends didn't fail to point out after he lost. It doesn't get any better than that.
I have the Dreamcast version, although I might upgrade to the PS2 version at some point.
My favorite characters are Mega Man, Cable, Captain Commando, the mummy (don't remember his name), and Doctor Doom. What about you?