
Features
The Japanese arcade hit Ikaruga comes to Xbox LIVE® Arcade! Treasure's award-winning scrolling shooter brings a tactical twist to the genre with its yin-and-yang gameplay: the color of your ship determines your effect on enemies. In this polarized system, enemy ships and their bullets are one of two colors. Attack an enemy of the opposite color for extra damage. Absorb enemy fire of the same color as your ship, and use the energy for a special attack. Destroy multiple enemies of the same color to score a chaining bonus. Play solo or cooperatively, and use your polarity to achieve victory!
- Co-op play: Multiplayer support for two-player co-op offline or over Xbox LIVE allows you to clear the levels with a friend.
- Video replay: Record your best moves and replay them to awe your friends.
- Arcade shoot-'em-up action: Five full classic and exciting levels are coupled with twelve new achievements to master.

Two player co-op would be nice but I don't think it's possible with all the crap and perfect timing required for something like this but we shall see... either way it's a great game for XBLA.
I can only imagine how

http://www.joystiq.com/2007/02/14/ikaruga-bound-for-xbox-live-arcade/