You can still play old video games in emulators, but you are usually using an approximation of the original input device. This isn't such a big deal with older, simpler games – playing a SNES game with an Xbox controller is a good enough approximation of the original experience. But newer innovations like the Wiimote, Kinect, VR headsets, etc will make it a lot harder to play games made for them in the future. In 50 years, you'll still be able to boot up Wii Sports in an emulator, sure, but will you be able to find a good proxy for a Wiimote?
I'm betting I could print it and hack something together from some hobby electronics kit if I really wanted to.
But you are absolutely correct. There is a category of games for which the complete experience is unseparably attached to the original substrate.
On the other hand, keyboard and mouse driven games are fairly maintainable accross platform generations.
But anyway, our future entertainment might be completely hallucinated by AI in an on demand fashion before we get the 'general storage game binary' thingy.