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Yes. I had a Neo Geo, but my parents would only buy the games used. The less-popular games got pretty cheap that way, so I mostly played a bunch of "odd" games rather than the huge hits like King of Fighters and so on. To give an idea of how big the games are, a Neo Geo cartridge is roughly the size of a VHS cassette and contains two circuit boards.

The game size was still kind of an issue on Neo Geo CD since it was only a single-speed drive. The system was kind of infamous for long load times. Think of the loading time of an early PS1 game, and then consider that Neo Geo CD had something like 3x the RAM to fill, a drive half as fast, and no good way to "stream" or otherwise hide disc loading. A few later games had to stop in the middle of a level to load.