I highly recommend Mushihimesama Futari It's by the same company that made Deathsmiles. It features several modes of play including a novice mode that makes things manageable if you find the other modes a bit too challenging.
You can order it from the link above or find it on ebay. It has a platinum release so it shouldn't cost you too much. It's a japanese game but all the menu's and options are in english and it's region free so it will work on an american console no problem.
There are several other Japan only shmups that are region free: (work on a US console)
Bullet Soul
Eschatos
Muchi Muchi Pork/Pink Sweets
Espgaluda II
As for other domestic releases:
Deathsmiles XII (games on demand)
Otomedius Excellent (comes out in July)
XBLA:
Ikaruga
Guwange (not my cup of tea)
Strania
There is others but I can't recommend them.
There is another game that you can probably pick up for 2.99 at your local gamestop called Wartech. It's a unique hybrid between fighting games and shooting games. You're a ship and in an arena against another player. Instead of super moves you get what is called BOSS mode where your ship temporary transforms into a huge boss like you would find in a shooting game. It's a lot of fun but know that if you don't have someone else willing to play the game with you it's rather boring.
Raiden IV looks cool but I didn't enjoy it. I find that it moves a bit too slow and that your ship is constantly underpowered.
You can order it from the link above or find it on ebay. It has a platinum release so it shouldn't cost you too much. It's a japanese game but all the menu's and options are in english and it's region free so it will work on an american console no problem.
There are several other Japan only shmups that are region free: (work on a US console)
Bullet Soul
Eschatos
Muchi Muchi Pork/Pink Sweets
Espgaluda II
As for other domestic releases:
Deathsmiles XII (games on demand)
Otomedius Excellent (comes out in July)
XBLA:
Ikaruga
Guwange (not my cup of tea)
Strania
There is others but I can't recommend them.
There is another game that you can probably pick up for 2.99 at your local gamestop called Wartech. It's a unique hybrid between fighting games and shooting games. You're a ship and in an arena against another player. Instead of super moves you get what is called BOSS mode where your ship temporary transforms into a huge boss like you would find in a shooting game. It's a lot of fun but know that if you don't have someone else willing to play the game with you it's rather boring.
Raiden IV looks cool but I didn't enjoy it. I find that it moves a bit too slow and that your ship is constantly underpowered.