MAME is the only Tandy 2000 emulator, and in the wake of the discovery of Windows 1.0 for the Tandy 2000, the emulation got good enough to take a trip down memory lane. But it can't usefully run everything...
Rendering dots using circle texture sounds nice but why are the dots in your renderings the size of something from pac-man? They look comically large.
https://github.com/mamedev/mame/pull/13404/files#diff-f78737...
But also fond memories of my favorite 80ies game Q*Bert https://www.retrogames.cc/arcade-games/q-bert-us-set-2.html
There are no hard cut-offs, but contemporary systems are rarely implemented. MAME's focus on accuracy to a low-level degree means that most modern systems would be painfully slow to emulate.
It is, indeed, just a PC with a custom software stack built on top of Windows. Some old-style arcade machines you see in the wild these days are really just PCs, or maybe ARM SBCs, running a library of ROMs via MAME, legally or illegally!
I was just surprised to see that its version has not changed a lot since I last used it, more than 20 years ago ;)
It gives me hope that I haven't changed a lot either :D
Perhaps it is nostalgia, but things were nicer when they had sane release numbers.
Since it is not, you are factually wrong.