That's putting way too much on the shoulders of one game, but I do think it's a good example of an expensive, cutting-edge arcade board (CPS3) that failed to ever find a killer app to justify its existence to arcade operators like its predecessors did.
The hardware arms race in the mid-90s was probably the biggest strength and weakness of the arcade scene. You went to the arcades back then mostly because consumer hardware wasn't even close to replicating the experience, but shit got so expensive so fast that the cost eventually got to the point where it wasn't worth it for either the players or the operators. The Sega Model 2, for example, was a relatively easy sell when you had a juggernaut like Daytona USA raking it in, but Sega never even came close to duplicating that success on the Model 3, and their next major arcade system after that (Naomi) was just a Dreamcast in a different box instead of new, cutting-edge tech.
_/¯