Transistor will hit the PS4 and PC on May 20th. The cost of the game is reported to be $20. This is the same dev that brought you Bastion—Supergiant Games. From what it sounds the game will actually interact with the light bar on the PS4 dualshock controller. Not really sure if that adds a whole lot to this or any game really. Most of the time I forget the light bar is there unless I catch a reflection in the TV.
Article on Joystiq