There's even optional scanlines
Curve Digital made a name for itself in recent years by porting popular independent games like The Swapper and Thomas Was Alone to PlayStation platforms but Iron Fisticle, an upcoming twin-stick arcade arena shooter, is another one of its homegrown projects. Looks fun!
The game supports two-player co-op and has persistent character upgrades, over 150 items (including weapons, power-ups, and score boosts), and boss stages. Looking over the screenshots, it seems there are also bonus sidescrolling levels for a bit of added variety.
Iron Fisticle is coming from Dave Parsons and Dugan Jackson of Stealth Bastard / Stealth Inc. fame with a planned Steam, Humble Store, and Green Man Gaming release on September 26. All told, I'm loving the look of this so far. Not much in terms of footage yet, but there is a clip here.