I'm pretty excited for this game, and will almost certainly be buying it on launch day. However, I'd be hard-pressed to describe it as 'indie', what with it being developed by a big veteran japanese software house, and published similarly.
Retro, perhaps (it looks like an update of Capcoms old Forgotten Worlds, which is a great thing), but not indie.
Still looks great, though, and should provide some entertaining co-op lasering.
I'm glad you posted it, otherwise I would have missed this gameplay footage. I don't have a 360 yet, but this will be one of the games I've gotta get when I do. :)
Hm, graphics look a bit drab but then a lot of 3D seems to these days. To be honest I think I prefer the look of Forgotten Worlds. Might give it a go anyways.