This technique is very important for emulation and simulating the look of early games. For example, the Genesis/Mega Drive did not support hardware alpha transparency. Many games (including the Sonic series) simulate the effect by alternating vertical lines, and relying on the "visual munging" of CRTs to produce a convincing effect. Here is a video that demonstrates the effect in Shinobi 3: https://youtu.be/YFOkbfpIl…
It would be cool to see an NES emulator that combined an accurate simulation of the PPU's quirky NTSC encoding logic (already present in some emulators) with the kind of CRT/phosphor-simulation shown in TFA.