http://www.youtube.com/watch?v=3BXtgW5oXrY
Must say the game doesn't seem to be really that good judging by the video IMO, but the graphics are awesome.
Those are some features I read the game has:
6 ultra challenging campaing levels
1 survival mode level
3 different starships with different weapons
4 Difficulty levels, from easy to impossible!
Huge capital ships! Protect Green Ray support ship, support Orinoco
cruiser and fight against giant enemies
Online High Scores
20 different retro graphic flavours. Choose among C64, ZX Spectrum
Amiga HAM and many others and dip into a full old school experience
The "Retro graphic flavours" coupled with the intro of that video gives me that old feeling of "Hey, swallow this retrogamer! You will love it, its retro and old school and stuff so its obviously awesome!"
Edit: Also kinda surprised the guys behind this didn't try to advertise the game here.
Edit2: Never mind, I was reading the name of the game wrongly all the time, that's why I didn't find anything about it. Thread closed

Edit3: Hmm.. I'll keep the thread open, there's only a thread of this game in the development forum (So the guys actually came here to sell their game, that's a smart move
