Classic Game Room is a bit of a mix of actual Classic Game Room episodes with a story about the "rise and fall" of the show intertwined. If you want to revel in the memories of your Atari, Genesis, or NES, it's definitely worth a turn in your Netflix queue.
The hosts are likeable, and the reviews are funny, but not hysterical. The forumula's since been perfected by X-Play's Adam Sessler and Morgan Webb, though they were almost certainly influenced by this 1999 predecessor (which has also returned in 2008 with new reviews).
What kind of bugs me is that, while I respect the effort that went into making this documentary, and recognize its value as a bit of history of the game review industry, you can get Classic Game Room (or, for that matter, Gamers) on Netflix, while you cannot get my favorite geekumentaries like TILT or Uber Goober (or Pizza! the Movie; I'd like to see that one). Come ON, Netflix! Give the geekumentary genre a chance to shine! I'm discovering an awful lot of good material out there that's rather difficult to come by. I really hope Get Lamp and Second Skin will be available.