They need to hire me as part of art direction.
I would build actual sets of these MKII levels, and light them the same way. Digitally capture all the textures and reconstruct that set in the game. I'd get people to dress up in the MK attire, and digitally scan them.
I'd also capture a 360 texture lightmap of the sets, blur them a bit, and apply it to the characters as reflection maps (but extremely subtle) to simulate IBL.
It would look so extremely photorealistic...it would be super sweet. It's what got everybody's attention in the first place. The 3D games must do the same.