I haven't played MSXX much, but MS3 was the last MS from the original team, and they packed that game with content until it was overflowing (I'd argue it has too much content, since it's way too long). XX seems like the best MS to come out of SNK since then, but I've credit fed through it a few times and I don't think it's on the same level as the originals. Bosses aren't as good, stage design isn't as interesting, enemies aren't as fun, etc. Not a bad game though, it's still a solid run and gun.
I think the 360 version has a forced blur filter as well, but it's not as bad 3's.