They Bleed Pixels - If Super Meat Boy and Ninja Gaiden had a baby

They Bleed Pixels is a new XBOX LIVE Indie Game by Spooky Squid Games, and it really does seem like a mix of Super Meat Boy's challenging platforming, plus the gory kind of action you'd see in Ninja Gaiden. According to the official site:

Featuring a distinct visual style that blends pixel art with paper and ink textures, They Bleed Pixels is a singular mix of intense platforming and fierce beat-em-up action. It tells the story of a young girl haunted by a mysterious book and her violent Lovecraftian nightmares.
They Bleed Pixels uses a simple one-button combat scheme with surprising depth at its core. Button mashing is discouraged while kicking shadowy monsters into saws, pits and spikes is rewarded thanks to a unique checkpoint earning system: instead of being evenly distributed at set locations, players must earn and place checkpoints through stylish kills. The more and better you kill, the faster you fill your checkpoint meter. Avoid combat or button mash mindlessly and you’ll find checkpoints uncomfortably far apart.

Check out the trailer, after the jump.