Fallen Frontier is a 2d shooter developed by Moonshot Games which was supposed to be released for PC, XBLA and PSN. As we can see from the video and the screenshots below, it seems that the game was directly inspired by Bionic Commando, inasmuch as the main character could use his grappling hook to pull enemies and to swing across gaps. An offline and online co-op mode was also planned.
It looked quite interesting, but unfortunately Moonshot Games decided to cancel Fallen Frontier in 2013 because, as we can read on joystiq, they wanted to focus on mobile and social games instead:
Post-PAX we came to the grim realization that the market had shifted pretty substantially since we first started working on the game,” Isla said. “The console downloadable platforms had plateaued somewhat, and publishers were less excited about investing there. A game that had sold itself easily the first two times all of a sudden became a much harder sell the third time. By that time, the real interest and the accompanying dollars seemed to had moved on to mobile and social.”
For more informations check the co-optimus hands-on.