I thought this was rather accurate. I unfortunately had the opportunity to play it when I was yougner. Needless to say, I had a slight headache due a small combination of ALL THE RED on the screen and keeping my neck bent a bit so I could see the screen.
There is little animation here but I found the parody of what playing the Virtual Boy was like to be hilarious. Seeing a sudden red orb and then heavy static with words reminded me of both Giygas from Earthbound and of the video game rumor known as Polybius which may or may not have had hidden messages in it or existed at all.
Overall, funny parody and the guy saying he went blind was hilarious, all while speaking with a "stupid" voice.