This is Owlboy. It's a game from D-pad Studio. This is their description of the game:
Owl Boy is a 2D platforming adventure for the Xbox 360 and Windows PCs. Go with Otus on a free flying quest into the clouds and discover the secrets of the floating islands while preserving the Owls' integrity...
Pretty much sums it up. Good news is it looks pretty great! Better news is it's being entered into the IGF, so hopefully it can pick up a little more exposure while it's there.
Owlboy [D-pad Studio, via TIGS]
There's been a tragic death in the town of Watertown, Wisconsin, as an 11-year old boy has accidentally shot and killed himself. Having taken the day off school for some Halo, Joshua Nimm was playing with a rifle, re-creating the action from the game. Problem was, although he ejected the rifle's magazine, it seems he didn't realise there was a round already in the chamber, and it went off. As a result, Nimm accidentally shot himself, and died as a result of his wounds.
The characters of Fable 2 are meant to be a reflection of the person playing them, to a point. The choices you make as you grow from childhood to adulthood in the game will change your character's appearance. But, your character is highly customizable. Lionhead Studios says they have tons more clothing to wear (all of which can be dyed), you can put on make-up, jewelry, change hairstyles, add facial hair. You can also morph your base appearance by tinkering with strength, how fat your character is, their skin type. The end result, Lionhead says, is billions of different characters.