I remember playing a demo of this game so many times, I don't know if it was ever officially released, but it was a sort of 3D/overhead scrolling space shooter for Playstation 1. I'm thinking it offered both 1 and 2 player modes, with the default single player ship being red and white and the second player ship was blue and white.
The gist of the game was you flew your ship through what appeared to be a huge fleet of other larger ships with smaller fighters flying in to harass you and you blew everything up with either plain lasers, or a special that blew up most of the screen and had an interesting sound effect. If I remember correctly, you'd also occasionally get a second ship that you could latch onto to form a larger ship that had more lasers and stuff if you were playing single player. Most of the game was shown as a sort of overhead view, but the game was very much 3d and the camera tended to rotate a lot with you as you flew around the areas. There was a lot of detail in the game graphically, like planets in the background and things.
I'm wanting to say it was late 90's early 2000's when it was released. The demo disc it came on included a demo for the original Metal Gear Solid, Steel Reign (a tank battling game), MediEvil, the first Legacy of Kain game, Test Drive 4, and some kind of ninja game that was an overhead view and involved crossing a log bridge over a waterfall that I remember falling off of quite a bit for some reason (would like to figure out what that game was called to, if I can).
I'd appreciate it if anyone has an answer, thanks!
