This is Rogue Legacy, a game which looks tough as nails, but seems to have a heart of gold.
Billed not as rogue-like (which are normally brutal) but as a rogue-lite (there's still permadeath, but "with each passing your lineage grows and becomes stronger"), it looks great.
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And sounds great too, courtesy of a soundtrack that's half the work of Judson "Tettix" Cowan, whose work on Solace we covered a few weeks back, and half the work of the talented Gordon McGladdery.
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Rogue Legacy is currently up on Steam Greenlight, but the devs say "The game is virtually done, so we'll get it out as soon as it's Greenlit."
Rogue Legacy [Steam]