Holy shit, are you sure that's not a shop someone on 4chan or say hotdog.org whipped up together as a concept? I'm confused though, usually amateur covers turn out completely awful (look at every single MGS4 cover out there), which would go some way of explaining why the covers used are so awful yet accepted in the first place.
A name on a white background is going to cause an uproar of course, so here is my suggestion for a better cover. We could have gone with the floating heads, but we wanted to try for a more unorthodox, NEW style, yet traditional, so we looked for inspiration from the classic NES covers since this is an old NES game. So here is a bunch of characters not really featured in the game, fighting a red monster also not in the game. It captures the spirit perfectly!
Jam it back in, in the dark.