I think Psychosis was an odd random pick. Good game but I would have liked to have seen W-Ring too. And I sort-of thought Gate of Thunder would have been a no brainer, love the sound track of that game.
Street Fighter 2
and a few other shmups would have been nice. But I think I see what they are doing. (Thinking positive here.) They probably felt they have one shot at this. So in order to keep cost down there would only be one internal hardware board, with limited space for games, that could be used in multiple outer shells. And they straddled the fence to please fans everywhere. Not sure why Chew-Man-Fu is there, but maybe they were trying to get a balance of genre rather than have the list full of shmups, which is what the console was known for. Maybe that game had its fans,.......hmmm yeah right.