Comparing Pinball FX2 to Pinball Arcade is only natural... but in actuality, it's apples and oranges.
Pinball Arcade is a pinball emulator (they are using the REAL game ROMs), and Pinball FX2 is a pinball simulator.
I love both games. I like all the polish and features of FX2. I love all the effects on the ball and the HD graphics are unmatched. Some of the tables are quite enjoyable.
But the actual pinball tables in Pinball Arcade (PA) are superior. I don't think anyone has been able to match the actual game design/rules of the pinball greats. I too find Black Hole a little boring... but there is an audience for it... I see comments on Farsight's Facebook wall all the time from people who like Black Hole the best.
The painstaking way that PA has recreated these historical and real tables is astounding. It really brings you back to the arcade when you play them. I agree the overall interface of the menus and loading screens etc. are inferior to the competition, but I really don't care about any of that. What I care about is playing pinball. And the tables in PA are simply the best I have ever played short of the real thing.
So at the end of the day, FX2 looks/sounds better, and PA plays better in my opinion. If I was forced to choose a winner, it would be PA. I see myself spending way more hours at it than FX2 (even though I have logged quite a few already on FX2). But since I don't have to chose a winner, I pick both. I like both and will continue to play both.
PA was well worth the 800 points, and I am so excited about the possibilities of some of my favorite tables coming to this game. "The Addams Family" would be epic. I played that game so much and now I can't find it in my city (San Antonio, TX) in good working order. So sad. I miss that table so much.
I did find out these guys: www.pinballzarcade.com
have most of the top tables in perfect working order, so next time I'm in Austin, I plan to pay them a visit.