The game is called Bacterius in Japan, but in other shores, we know it quite well as none other than Nucleus. Or, if you wanna be smarty-pants about it, it's "the fl0w meets Blast Factor game" for the PSN (with a Trauma Center theme too).
It looks chill. Yet another Robotron Smash tv clone like Geometry wars, blast factor, mutant storm, etc,etc,etc.
I'll have to check this one out when it's released.
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