The Showdown Effect is the new game by Arrowhead Studios, the makers of Magicka, where you and other people play as cheesy 80s action heros and duke it out in an arena. The Beta signups for the game have just launched and a cheesy trailer has been put out with it.
Beta signups here:
http://beta.theshowdowneffect.com/?ref=4b58bee2e6d
Beta signups here:
http://beta.theshowdowneffect.com/?ref=4b58bee2e6d