Kobo II is a fast paced physics based dual stick arena shooter that intends to bring the frantic retro arcade gameplay of the prequel Kobo Deluxe to old and new players alike, while offering a much smoother and more sophisticated experience.
The first public release - a playable tech demo. There isn't much content yet, but there is a rudimentary survival mode that should be enough to get a general idea of where this is headed.