I'd love to be able to play some of the music I enjoy on a good sound system like that, haha.

Yeah, that's true, and a lot of the old video game music is basically just 8- or 16-bit metal music. Although, the Sega Megadrive had a lot of funk influence. But even aside from that the snippet you shared reminds me of how the Megadrive's YM2612 chip produces sound using FM synthesis. It has a similar timbre, if that's the right word.