I get the nostalgia for simpler times, but fighting games have benefited so much from the fact that they can now be patched and updated over the internet.
Marvel vs. Capcom 2 had 56 characters, but ~6 of them were so strong that they rendered the rest of the roster nearly unplayable in comparison. And this is one of the games that was most fondly remembered! For every hit like that there were a dozen more that were so much worse they were quickly abandoned and forgotten.
For all the backlash to season 2, Tekken 8 is arguably still in a better place than the vast majority of pre-online fighting games. People are mad because standards have gotten so much higher, now that games do get patched we expect those patches to be better.
Edition Select like in USF4 would be rad. But I think I'd just like to see a universal way for platforms to let you roll back to any version of any game. Wouldn't even require any extra work on developers' part, platform holders would just maintain an archive of patches.