Well done, sir!
For some reason this reminds me of gypsy music, and I love gypsy music. I'd have to say it misses the "old school video game" mark for me. It definitely has the retro feel, but it seems to demand too much of my attention and it's a bit too smooth. Those are wonderful qualities as a song though! I'd love to see a looped version in a Flixel space action game.