Just wanted to say (again! - I know) I am really looking forward to get my hands on this game.
It defenitely seems to have some Mushi influences and some devious bullet paterns. The music from the video is great and I hope it will be in the final release in some form. If you release this as a semi-commercial game I would defenitely buy it (being a sucker for DC AND shmups ).
In any case please finish it!
@quatmix: hoping to see more of Timehunter soon too. High-res cute em up DC game: yes please!