It came out today, looks better than Karate Kid and G.I. Joe games, but without spoiling too much, the game is basically 2/3 Beat 'em Up and 1/3 Rail Shooter, there is also 3 Boss fights that use the First Person mode, something to be wary of before diving head first into it.
Edit: Verdict: Despite looking better than most of the slop released year, it still pales in comparison to Shredder's Revenge, the Beat 'em up segments aren't fleshed out enough and characters basically play the same, pass or wait for a very good sale.
I'm on Troma's spam list and at some point they quietly stopped mentioning this.