I'm actually looking into this for a project right now...
Aside from making your own board, I've seen 2 possible configurations for RGB to VGA/XGA that's optimized for video games. If anyone has recommendations on making either of these configurations better I'd love to hear!
Config 1
Attach Neo-Geo FCG-9 RGB cable to Micomsoft XRGB2-Plus, then VGA/XGA out to your monitor.
Config 2
Attach Micomsoft XNEO-1 to Neo-Geo, attach a DB15 to VGA adapter to XNEO-1 for VGA.
The first config seems to be a better choice since it will scale to XGA (1024x768) whereas the XNEO-1 only scales to VGA (640x480). I'm hoping to run some samples of the XNEO-1 vs. XRGB2-Plus at VGA resolution as soon as my AES gets back from repair.
The eventual goal for my project is to put a VGA connector on a consolized MVS board. Buying pre-made products like the Micomsoft stuff can save time prototyping a board, but finding an XNEO-1 can be a little hard these days. The XRGB2-Plus can be found at many import game stores.