It is notable for being one of the rarest Virtual Boy games released, with original copies demanding high prices on online auction sites.

[1] In both games, the player controls a laser base which must eliminate all of the aliens that march down from the top of the screen, who plot to take over Earth.

[1] Space Invaders Part II features slight alterations to the gameplay, such as new aliens that split into smaller ones when shot, a flashing UFO which can only be hit when it becomes visible, and short intermissions in-between stages.

Famitsu magazine was particularly negative towards the game, saying it made for a "pointless" entry to the console's library due to its lack of content and for not taking advantage of the Virtual Boy's hardware capabilities.

Parish recommended the game to Space Invaders fans for its excellent emulation quality, and for the 3D remakes providing a unique and interesting take on the core gameplay.

[5] French publication Revival compared the 3D modes favorably to Breakout 2000 on the Atari Jaguar, writing that it was one of the major selling points of the compilation, concluding it was worth the purchase for fans of the original.

[6] Retrogames UK disagreed with his statement, saying that the 3D remakes and original ports made the game a must-own for Virtual Boy collectors.