Some clarification, since I just discovered this wonderful threat:
1. I actually enjoy MKT (except N64) version. I really tried my best to do a decent combo video, so everyone who's favorite game it is, would enjoy it:
https://www.youtube.com/watch?v=uiiFJwHfdx0
More over, I was referring to competitive play, not fun casuals. Even so, I explicitly mentioned that even the N64 is still played at high level (with some limitations) in our MK History - Episode 4 -
https://www.youtube.com/watch?v=Art9WDu4BN4. We dedicated more time on MK Trilogy than UMK3 in these series, keep that in mind.
2. Midway Arcade Treasures ARE emulation of the game. I do not know about you, but I had financial issues back in 2004, as I was still not an adult. MAME was free with almost perfect emulation, yet I had to spend money for Midway Arcade Treasures and the issues, mentioned in the article, really did upset me. I felt right to mention these, since i do not see them mentioned anywhere else.
3. Sony PSP fat models (3001 i believe?) had one of the worst optics. Your only chance to not scratch the game, was to mod your console and download it on your internal storage. Jade's fight in MKII made the game crash if you play the game like that. I most probably forgot to mentioned this.
4. As for PSN, it is actually a decent version, if you exclude the loud noise. Interestingly enough, it is modified MAT2 version. You can even replace the files from the archive with the ones from MAT2 PS2 and the game will run, but with no sound. I've made a MKII comparison with the arcade, including all Arcade Kollection versions (after Patch) and PSN:
https://www.youtube.com/watch?v=SzwHShJ5JaI
Seems people enjoy it after all, as I have not seen anyone else doing it.