I've never played it, but in my opinion no gaming experience no matter how good, is worth anything near that amount of money. If someone took away my favorite game of all time and said I could only play it again if I paid $500, I'd tell em' to keep it.
I don't think any game is worth much more than what the original asking price was. The price is really about the item, more than it is the game. There are tons of great games out there, many of which are not expensive at all.
If you are really, really feeling the itch to play this game, I've heard you can mod a Saturn to play any burnt game.