Playism page: http://www.playism-games.com/games/astebreed/
Steam page: http://store.steampowered.com/app/283680/
From the Steam page:
Arcade Shooter Evolved
Astebreed takes the classic arcade shooter and breathes new life into it. Using lovingly crafted 3D models, cutting edge particle effects, and tried-and-true Japanese mecha designs, Astebreed delivers an unparalleled atmosphere of beautiful destruction.
A Full Arsenal
Roy has a considerable arsenal to combat his foes, as well. Armed with the mysterious Lucis device, Roy's mech can shoot from a distance, paint targets for precision homing attacks, and even get close for a killing blow with a powerful blade attack. No enemy shall escape your wrath, no matter where they hide.
Dynamically Changing Perspective
Your enemies are not always ahead of you. Your enemies swarm, fly and intercept, and Astebreed's dynamic perspective always keeps the action in view. Seamlessly switching between veritcal, horizontal, and 3D shooter, Astebreed will keep you guessing what your next threat will be, without ever interrupting the action.
From the Playism page:
Astebreed coming to PlayStation 4 in 2014!
Playism is bringing Edelweiss' Astebreed to the PlayStation 4 in all its HD glory! More information coming soon.
English trailer: https://www.youtube.com/watch?v=vYsfyMut3TE