The Capcom Arcade iPhone arcade app, containing emulated versions of Street Fighter II, Commando, Ghouls 'n Ghosts and 1942, launched today, offering a Game Room-style structure for its offerings. You can purchase "tokens" to play each of the games for $.99, or you can pay three bucks for unlimited access. That much was announced when the game was first revealed last month.

However, what we didn't know at the time is that you get three free plays per day. Even if you don't feel like paying anything for the app, you can still play the games. Free seems like an okay price for touch-controlled arcade games.