Match Shot Chimera's out now on Steam Early Access!
It's been a lot of work, and I plan for it to be a lot more work after this!
Compared to the demo there are lots of new things:

New character: Wally (shield bubble, makes shield walls)
New character: Perry (parries enemy shots on swap!)
New level: SPACE!
New enemies: alien-shaped baddies. Lots of brain jars and strange new enemy attack styles.
Ichor upgrade shop: permanent progression between runs
Multiple difficulties: stronger enemies, faster enemies, longer levels.
I'm eager to hear what you think! How's it play? Favorite characters? Is blocking in a shmup a crime?
I'm happy with the game so far, but it won't last you for ages at this point. Multiple characters and difficulty levels to play with is a start! Future releases will focus strongly on improving replayability and the overall content amount.
What's next:
More upgrades, for more varied runs!
More control over your mid-run upgrade choices
More characters
More enemies
Difficulty-specific enemies and wave designs
More unique enemy behaviors and formations
More beautiful and evil bullet patterns to dodge
Better level backgrounds