This looks to be in the same vein as Metal Slug or Contra and other side scrolling run and jump shooters on classic systems. I am actually VERY excited by this, as it is something different than a Shmup, but not by much. Anyway, who cares? Dreamcast is getting 2 new games in 11, so it is very awesome!
Edited: Doh! Got ahead of myself, thanks for the correction Vasilliy! I must have RedSpot games on the brain lmao. This is by NG.DEV.TEAM, NOT Redspot games lmao.