Mega Man 1 - 6 were all released on the NES in the last 80's and early 90's. Presentation wise, they're all have a very similar 2D look to them. Capcom wasn't overly ambitious with changing Mega Man's appearance back then.
Every old Mega Man game following the first 6 attempted to leverage the additional processing power of the console it was featured on. Mega Man 7 and Rockman and Bass had SNES level graphics. Mega Man 8 had PS1/Saturn level graphics.
More than a decade went by before another release in the core Mega Man series. When they finally got around to making Mega Man 9 and 10, they were a throw back to the oldest games in the series. The graphics and gameplay were heavily influenced by Mega Man 2.
It seems like they're shooting for a more modern look with 11. I've read that some people are afraid that tinkering with the presentation will ruin Mega Man. I've also heard people talking about Capcom's bad reputation for the last 10 years. I can't comment on rumors about reputation but I'm remaining optimistic about this new game.
Now that actually sounds cool. I wonder if they even went to the trouble of adding VHS-esque rewind artifacts...
It's probably easier to acclimate younger players to the Mega Man difficulty level with this feature but beating these old games without the help of cheats is something to be proud of. If Capcom insists on having this feature..... I admit it would look cool with a retro VHS aesthetic.