Think Armada for the Dreamcast. Many an hour were spent with friends playing this game. It's a top-down shooter for up to four players. Level up your ship as you progress through the story in a similar manner to Diablo 2.
This game has only been in development for about two weeks, after-hours. I expect a pre-release alpha in August with a pricing scheme similar to Minecraft: Alpha at $price / 3, Beta at $price / 2, Release at $price.
Any Armada fans out there?