The general consensus seems to be that Capcom developers are the biggest SNK fans
Ever since the release of Terry Bogard's gameplay trailer in Street Fighter 6, fans have been excited not only at the prospect of playing him, but also by all the things that have been revealed about him so far.
From Terry's trailer, there were already a tonne of references that fans picked up on, like the very first scene showing two men fighting which was reminiscent of the Street Fighter II opening while Terry arriving in a taxi was also from Fatal Fury.
Apparently, the references go beyond that as Terry's select screen pose has gotten people talking.
Terry's pose has hom playing on the Neo Geo arcade cabinet which was also known as the Multi Video System (MVS).
A creator who is at Gamescom explained further details saying that the MVS cabinet that Terry is playing on has King of the Monsters and Savage Reign.
This also fits into the fact that Terry is canonically a huge video game fan as the Street Fighter 6 website has gaming as one of his hobbies. This just goes to show the extra care that Capcom put into the character and fans have been very receptive of it so far.