Fuck yeah!
The Megaman X series have a massive potencial for covers and you nailed this one pretty much to the wall. I agree with Angrypitfiend in X3 being the best of the 16-bit games, and I've played it to the point where I can beat it in 3 or 4 hours total.
Good shit. I would love to hear you take on "Volt Catfish" and/or "Blizzard Buffalo" too.