Heh, cool, looks very nice. It's inspirations are pretty clear (some heavy rtype inspired bits there), but it looks to have been done quite well.
What's the story behind it though, is it a commercial game ? Looks too nice to be homebrew 
Yeah, I love R-Type. I think they are an indie publishing house, did Rush Rush Rally for DC as well.
http://www.redspotgames.com/shop/To stay on thread, do any of you think ARM will hit the desktop/notebook heavily?
I know intel are definitely trying to get heat/wattage down to the smartphone arena (wonder if they regret selling strongARM?) Could be a big battle ahead!
SIDENOTE: I have an ARM netbook, but it runs CE it is a bit shit. The clips in at 144MIPS, but can do less, and feels less responsive than my A1200:030/50. (This is definitely due to the OS though, as my Psion Revo is well nippy).