Well sort of. Its a remake of the original 1942.

I loved this game and cannot wait for the XBLA remake! Rejoice Shmup fans!

http://xbox360.ign.com/articles/858/858836p1.html

Very cool, can't wait for it. It's these kinds of games that have given my... specialized twitch muscles the twitchiness they have today. Jamming on the fire button to send a slew of shots onward and upward to destroy any onslaught of enemies.

But it's also responsible for me not being able to naturally extend my pointer and middle finger, they just go into the button mashing position of equal length.

E.] Just realized that if I get this game, it'll probably cause the destruction of my 360 controllers.