PSOne Classics version on PS3. Nice graphical lift over T1 (see entry 1388), and control's slightly less clunky, except they nerfed mah throws (they come back a bit in T5). Music's still good. Lots of modes now, Team Battle Mode lets you play a one-off KOF-style team match--except with up to 8 characters per side, if you want! Even more characters than the first and even more to unlock.
Some impressive low-poly character and stage design. Lei's Hong Kong skyscraper rooftop, with its sharp skyline and colored lighting hitting the fighters from below, is a real standout.