I didn't grow up playing this game, and TBH it looks horrid and is boring to watch.
This is a tough decision, but I'm going to vote no. I just liked the cancelled version more, and find this version too short and lacking. Not that the cancelled version couldn't have been even better (with the better piano playing and more complex/funny pictures), but I still think it was more enjoyable. I'd suggest making a third version with more of the good stuff.
This version has more merit, but I kind of like the original pacing, as if you were an artist having to draw a cartoon for each one of a very long line of fans.
FYI the youtube playlist is: http://www.youtube.com/view_play_list?p=26BC57B9E5B2930A (the link in the submission text just points to youtube.com) I thought this was OK. Overall, I got the impression that reasonable attention was paid to making it optimal, though it seems there are many instances in which a stream of shots is fired aimlessly, which gets annoying quickly because the "fire" sound - along with most of the other sound effects ("Ya-Hooo!!!") - is obnoxious, and the music, when I could hear it over the effects, really just made matters worse IMHO. All things considered, I think there's a satisfactory amount of entertainment here, and the run is short, so I vote yes... hesitantly.
Generate every artifact then detonate them in a bag of holding?