One of the most interesting thing to come out of Namco's 2008 Editor's Day this week was the announcement of a downloadable shooter called PowerUp Forever, scheduled for XBLA and PSN this summer. From Shacknews:
Players will steer a fractal-based ship around a procedurally-generated level, firing away at various enemies. The visual style was very impressive, featuring whispy fluid dynamic-based shield effects that swished around the ship and the various enemies. Combat consists of shooting standard space shooter lasers and triple-shot guns using the right analog stick, with a full 360 degree field of fire.
Sounds fun. More through the link.