Here a couple pics of my Super Chexx Pro now that the surrounding area is done. Ordered just before Christmas, and arrived a month later. Big thanks for this thread (especially taylor34) for the guidance.
As you can see, I went with the LED upgrade. I think it adds to the ambiance of the game, and would definitely recommend it. Since it's "free" through March it's a no brainer, but in the future I wouldn't hesitate to pay for the upgrade. I also built a riser box and have used it since day one. I am 6'1" and can't imagine playing without the extra height.
If you concerned about nobody wanting to play as the Russians with the MOI edition, don't be... I was worried about this, and frankly it doesn't matter. Once you start playing, it's game on. I DO think that the extra $ for a licensed setup (NHL or Team USA) IS worth it. Just my two cents.
Super Chexx is what brought me to Pinside, and now I own 2 pinball machines as well... So thanks, Pinside.