holy fucking shit this is awesome. Saw it on the 1up show and tried out the demo--this game is the real deal people.
Think Mega Man-esque sprites + Treasure game speed + Treasure bosses + Viewtiful Joe combat. it's THAT good. I'm going to buy the full version.
THANK YOU! No one else even noticed this thread.
Coincidentally, I was reading from the actual game author's comments from a messageboard posting, and he was all 'why do you people all think I like Treasure? I don't really even like them much and they aren't a big influence'.
Game is as treasure-like as any treasure tribute I've ever seen. Bizzare.
That's extremely puzzling. I guess Treasure doesn't have a patent on fast action, but still, if it weren't for the mouse controls (and sound quality), you could easily convince someone it's a prototype treasure game for the Genesis.
Can't wait till finals are over...that's when I'm gonna pick this up.
edit:
$20? I'll try the demo later, but for now I'll stick with Ragnarok Battle Offline. 
$20 seems sensible enough. The game is supposed to be about 4 hours long, with unlockable characters that play differently from the main character (enough to warrant another play through unless the new character sucks.)
I've been meaning to check out RBO for a while...looks fun.