Judging from the papers and a 2005 visit, pong has been growing more popular and also more susceptible to careful study with an eye to history and aesthetics. (See The Dartmouth (2005), The Dartmouth Independent (2005 summer tournament, interesting), (2009).)
It is inevitable that an art exhibit would result (The Dartmouth).
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[Update 12.02.2012: Broken links to Dartmouth Independent articles removed.]