This is Hotline Miami. It looks like the most gruesome 1980s action movies come to life, only instead of coming to life wearing bandanas and grenade belts, it's wearing hot pink and a pulsing soundtrack.
It's also sporting one hell of a logo.
Hotline Miami is the work of indie dev Jonatan Söderström, aka Cactus, and artist Dennis Wedin.
Hotline Miami [Official Site]