I see Tigers point. Sega is dead now, this thing probably killed it, but if you can actually stand to be in the same room with the dumb piece of crap that murdered your favorite game company just to play a half dozen games...do so, I guess, but I don't have one. I'd rather have a picture of Bernie Stolar on the wall because at least then I can throw darts at it.
The comparison to the AC is way off though. While they both didn't make a lot of sense (and the 32X certainly has more good games than the AC) the AC wasn't half again another game system moronically shoved into a PCE. It was just another System Card in a pretty long line of them. It didn't change the PCE into a completely different machine.
I would argue SGX is a better comparison. It was a rouge product and an evolutionary dead end. Also, huge and stupid. But really there is no analog I can think of in the history of gaming for the idiotic f*ckup that it's the 32X and it's hard to think of anything less interesting aside from modern stuff.