The Chinese seem to be doing this a lot still. It is hard to find a lot of examples, but they are out there (http://ansi.loli.tw/).

Of course, we used to do this all the time in western countries and a whole underground scene formed out of it (http://en.wikipedia.org/wiki/Computer_art_scene). You can see most of the old artwork on Sixteen Colors (http://sixteencolors.net)

I will have to check this out for the next version of Sixtten Colors (an ANSI and ASCII art gallery). We use a similar font, but it is far from bootstrapped.

http://sixteencolors.net