the neo geo did try to compete during the 32 bit era with SNK's release of the neo geo cd. it was a failed attempt, for many reasons, such as little to no marketing in the US because of the idiots who were running SNK USA at the time, slow load times, the average consumer being obsessed with garbage like crash bandicoot, etc.
also note, games are no longer made for the neo geo, samurai shodown V special marked the end of SNK's support for, in my opinion, the greatest console to ever leave its mark on video game history. SNK now produces all of there games on the Sammy Atomiswave arcade hardware (kof XI, Samurai Shodown 6, Metal Slug 6, Neo Geo Battle Coliseum, etc.)[/i]