Fallen Frontier

[AlNom]

2D Shooter side-scroller with 2p co-op. There's a grapple too, which you seem to be able to use for moving or on enemies. I'm really digging the art though it seems really early still. With four guys on the team, they sure have their work cut out for them.

Release Date: aiming for first half of 2012
Publisher: none yet
Platforms: depends on publisher, targetting PSN/Steam/XBLA
http://www.moonshotgames.com/

The story of the game spans two different planets, Ampyx and Caeneus. Both are colonized worlds in the Alpha Centauri B star system. Where Ampyx is an idyllic, Earth-like water world, Caeneus is a harsh place of rain, frequent meteors, and corporate oppression.

Announcement Trailer (March 7)

Co-op Trailer (March 11)

Looks like the camera is not limited to having both people on the same screen. the screen will just allocate half the screen to each player when they get far enough apart.