PowerUp Forever. In this game, you'll go up against an armada of evil enemies across space. You'll be able to alter your ship's size, shape and power. THe larget your get, the larger enemies you wil face. View the first screenshots here.
Oh yeah, sadly, Namco Bandai is only remaking Soul Calibur for the Xbox Live Arcade. Not cool.
[PowerUp Forever: more space, more shooting on PSN]