There are -at least- the following games coming out (many entries cut and pasted from "what upcoming game are you looking forward to" thread):
Mushihimesama (PS2)
Sigma Star Saga (GBA)
Nanostray (DS)
La Petite Princesse (PS2)
Chaos Field (GC US release)
Xexex (PS2)
(three or four other old games being released along with Xexex)
Raiden III (PS2)
Xyanide (XBOX)
Sengoku Cannon (PSP)
Shikigami no Shiro 3 (AC)
Senko no Ronde (semi-shmup, DC)
Ibara (AC - should be out, but I haven't seen it yet)
Homura (AC)
Under Defeat (AC)
Rajirugi / Radilgy (AC)
Capcom game compilation (PS2)
Taito compilation 1 (PS2)
Taito compilation 2 (PS2)
Shikigami no Shiro adventure/shmup (PS2)
Also, now that Mushihime has had a fairly successful arcade run for a while and has a home port scheduled, we can expect at least one more game from Cave (above Mushipoko-sama, which is a puzzle game)...
What the hell?!? Dead genre my ass! That's more than 20 (!) games and most of them will be out this year! Even if you take out the re-releases of classic games, there's over a dozen new shmups due out too.
There's so many shmups coming out that we might need to be picky again even.

