M2 has announced Zero Fire, the third entry in its Toaplan Arcade Garage series following Kyukyoku Tiger-Heli and Hishou Same! Same! Same!. It will launch in 2023 in Japan.
www.gematsu.com
if you prefer zero wing on consoles, M2 is bringing it plus hellfire as a bundle most likely on PS4 and switch.
M2 usually has the best performing emulations for old shmups, but they also dont seem to ever do english menus, so you will need your phone out just to know which settings to pick. it is annoying as hell.