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Looks promising.

this games odly interesting

I've been following this game for over a year now, and every time I see it, it gets just that much better.

They had me sold a year ago, when I realized these were the same people who made Crimson Skies - everything else since then, has all been icing on an already awesome cake.

I still don't like what I'm seeing. Hearing them talk about the vertical combat on and on in every dev diary, just makes it obvious that it's a gimmick. Just like the jet pack, which doesn't seem to be more then a gimmick. I'm sure it will be fun in a way, but to me it looks to be too much of a gimmick game.
There seems to be only one sort of enemy (some robot thing). And then the boss fights.

Im with FreeSwag on this,Crimson Skies was awesome.

Yeah, care to elaborate how exactly this would be a gimmick?

I'm actually quite impressed on how this looks compared to the very first footage which looked like something pulled out of a Genesis cartridge.
Sure enough, the stages are 'alleyways' but that can be said for any shooter there days. The addition of bases you can fly into and scale vertically is a nice expansion and - the jet pack seems like a good way to make the shooting segments more dynamic, as you can approach any given enemy from all sides; certainly more entertaining than the stale Gears of War.
Difficulty and scale (production values) will be the deciding factors here I think - if the player will have to traverse the same area types and fight just one enemy it's going to go downhill really fast.

Why has it taken this long to finally feel what its like to be Boba Fett! its a decent idea to build a game around. the verticality seems a good resolution to the change in gameplay you get from a rocketpack. One of the most irrating things about the Unreal 3 rocketpack mod was hitting the glass ceiling