Gaming Side's HILL Project on IGN reveals development of an upcoming space-based shooter in the works at French developer Gaming Side. Here's a bit:

HILL Project uses RenderWare to power a real-time 3D shooting engine that looks to be similar to titles such as Gradius and R-Type. Unlike those games, however, HILL Project allows players to switch between two different views at any time (pseudo Top-Down and top-down) while also enabling them to equip and upgrade their ships with new weapons in the downtime between each level. This real-time perspective switching will reportedly play a heavy role in the strategy needed to complete each level, while an experience point system modeled after those found in RPGs is expected to be just as important.