The first two games are fun for a short while, with the third game being a very enjoyable fighter. It's not up there with Street Fighter, and it's been surpassed by so many of the modern day fighting games, but for old school violence it's a very enjoyable romp.
Add in a friend for some beat downs and you'll no doubt have a lot of fun with the game. And considering that the cost of the game is so low, it's hard not to recommend this to people just for nostalgia's sake. Just remember how old the games are when you start playing them, and you'll have a blast.