We had a thread on it, but I can't be bothered to look it up. It pretty much works by stick the games ISO onto a disc. Then you place the game in the disc tray, go to the arcade section, select your game and play. Getting the ISO is the part I'm not completely understanding as of yet.
Damn, I want to know now if this can be done on PS3.
Systems: Game Boy, Game Boy Color, Game Boy Advance, N64, Gamecube, Xbox 360
WTB: Boxes for a silver Gamecube System(and a hyperport cover), and a box for an Ice Blue N64 console. Will pay 7.50 for each and shipping.