>>11824153 (OP)It should have been, i.e. come out four years sooner. Then SNK could have really stood toe-to-toe with their competition at the time.
Anyway, in regards to OP's question, I think it still is. De facto oldhead installment that's highly populated, doesn't carry the systems bloat or as many raw mechanics that obfuscate the core of the fighting gameplay in and of themselves the way you could argue the systems in the later, more popular installments do. Like, if you wanted to recommend something oldschool that epitomized the series as a whole, you'd recommend KoF '98 in the same way you'd recommend ST.