It should. 360 games control the regions they can be played in, not the 360. I've heard that the PAL (european) version works for all PAL systems and even NTSC-J (Japan).
Finally did a kitchen screenshots. Hope you like it;) Also, there is 360 panorama on Artstation: https://www.artstation.com/artwork/XXer3 I used nvidia Ansel to grab 360
wait, i'm confused.... you said third strike is on 360 on the xblv arcade? or you tried the xbox version and it works on 360? I have the SF anniversary edition on ps2.
the 360 version looks awesome, one of the better looking games out for the 360, even my non-gamer friends thinks its awesome and all they care about are graphics.