Last Alarm: The A.R.G.U.S. Complex is an indie project, aiming to create a SHMUP with super-sexy graphics. (And not about a trip to a catalogue shop, dummy). So you might want to wander over the Gametrailers to see the HD version of the vid.
You can shoot up us any time, Gametrailers... Oh gawd.
Developed by Triology Productions, who describe themselves as, "a small team formed by the neogaf gaming community late in 2006," it looks refreshingly free of complications, and focusing instead on shooty-shooty-explosion. Oh, and here's a demo.