Lost Planet is an upcoming Capcom shoot 'em up for the Xbox 360, and it's looking rather fine. The story sees players stuck in the frozen wasteland of a far away planet. Of course, humans have managed to piss off the native wildlife, the Akrid - and if that wasn't enough of a powder keg, you can add in alien invaders. Humans come equiped with a VS (vital suit), aiding them as they blast their way through alien critters. The game runs in a third-person perspective - similar to Jet Force Gemini, by the look of it - and can also be taken on line in a host of multiplayer options.
The game is slated for a Q1 release next year in North America, hopefully with a PAL release at the same time. If you just can't wait, there are some brand new E3 screenshots in the media panel.