Qute Corporation makers of Eschatos have been working on their second Xbox 360 shooter. OK, third if you count the Wonderswan game Judgement Silversword.
Ginga Force was supposed to come out this year, but after a series of delays it’s new release date is February 14. Ships in Ginga Force can be customized with different primary and secondary weapons. This vertical shooter probably won’t come out overseas, but you can import it! Ginga Force is region free.