Pretty much, I remember being 6 or 7 and forcing 10 pence pieces into a Gauntlet arcade machine, I loved it because 4 people could play all at once. The wizard needs food! the wizard is about to die! Mum can I have another 10p!?? QUICKLY!!!! MUUUUUUUUM!!!!!!! HURRY!!!!!!!!!!!
Ya that game is pretty much from where all action RPGS are descended.