Capcom Planning Game Room-Like App for iPhone

Game Room for the Xbox 360 was a cool idea, no doubt, but it doesn’t seem to be the breakout hit that Microsoft and Blade Kitten developer Krome thought it would be.

Now Capcom is taking a stab at its own virtual arcade center, this time for the iPhone.

Capcom Arcade is expected to be released next month and is planned to launch with four titles: Ghouls ‘N Ghosts, Commandos, 1942, and Street Fighter II.

The app will be free, as will a new classic title released each month. Virtual tokens will be available for one-time plays, or players can purchase each game “cabinet” for $4.