It has a nice classic feel to the gameplay and even the "story" though not so deep may gain some light affection from older audiences. Through the game you play the role of the weapons controller for the main ship as it sets sail through various seas and channels as an onslaught of enemies try to take you down. The enemy leader as many have pointed out will bring memories of Cobra Commander as your captain exchanges words with him. All in all it kept me entertained and if by watching the video and looking at the screenshots it looks like something you could enjoy then go for it.
Gameplay Control Points:
1: You do not have to steer the ship, you only fire the main ship's weaponry. (Ammo recharges.)
2: As you progress through the game abilities become available for purchase & use: Reload 1/mission I think, EMP as many as you own, and time slow which is also as many as you own. Time slow drastically decreases game speed while increasing missile ROF, speed, and recharging.
3: You may unlock better ships with fuel from mission completions.
4: You may unlock support ships with fuel as well, these have 1-2 activatable weapons with a shots & time limit to them before they go into cooldown.
5: The controls are very simple and easy to use, I would recommend most people rebind them as they see fit. The one trick to the game is strategic use of abilities and proper pacing and accuracy/leading of enemy targets when firing the weapons.