The game is called xeodrifter, and it will draw inspiration from Metroid.
Kind of a good long read.
http://mynintendonews.com/2014/08/04/renegade-kid-announces-xeodrifter-for-nintendo-3ds/
Guys I really smell this will be good. Also, he emphasizes Treasurenauts is not forgotten about, along with some of their other projects.
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