Patterned after the Taito Memories series for PlayStation 2, Power-Up marks the first release of the franchise on a portable gaming system.

Taito Legends Power-Up also utilizes the PlayStation Portable's game-sharing feature.

Taito Legends Power-Up received mixed reviews with an aggregate score of 60.60% on GameRankings.

[2] Greg Miller of IGN rated the game 7.2 (decent) for incomplete multiplayer support.

[3] Jeff Gerstmann of GameSpot rated the game 6.5 (fair), and criticized the omission of Bubble Bobble and Double Dragon, (the latter was licensed from Technōs Japan for the U.S.), as well as including too many iterations of Space Invaders.