R8 Games, a new independent studio formed by developers who previously worked on Sony's futuristic racing series Wipeout, has released a short video showing off its new project, Formula Fusion.

Not surprisingly, it's another futuristic racer that looks a lot like Wipeout. R8 Games says that what we see in the video above was created in just a few months, and is mainly a visual prototype, not a fully balanced gameplay example. R8 hopes that the video will "stir things up with publishers" and generate interest to provide funding opportunities.

You'll notice that the logo in the video calls it "Slam Jet." R8 said that this was what it called the project initially, but that it's in the process of changing the branding.

R8 calls Formula Fusion a "huge" project that it can't complete without help.

"Things have changed in the games industry now," the R8 team said on the