Kornicos was nice enough to point out that Jeff Minter has updated his blog with more details about his upcoming XBLA title. The title certainly seems to be a lot further in developement since we first found out about the game. While the screenshots seem a bit hard to make out, he explains this problem like so:

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It's actually a lot easier to see what's going on when things move; this game is almost a worst case for screenshots since a lot of the structures are defined over time (it actually looks clearer on the pic with the plushies and monitor because the shutter speed is low enough that several frames got superimposed). You'll have to trust me when I say that it is actually quite clear in play to see what's going on! }:-)

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The game seems to have been given the working title of "Space Giraffe".

We'll bring you more information as it becomes available.

UPDATE: He's also posted the price ($5) and some "unlockable" info:

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nah, this is going to be cheap as chips, 400 MS notes and it'll be all yours :)

You'll also get new Neon effects supporting the webcam input as unlockables. That's to make up for the fact that MS stiffed me on doing a proper new version of Neon to truly support the cam, and instead have done some half-assed thing where they just superimpose some cam effect layers over existing Neon. I figure that was a bit rude, so I'll put some proper cam-Neon stuff in the new game by way of schooling };-).

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