Installed the game and the patch, but it's really barebones right now. When they said version 0.02, they weren't kidding. It's just the first two parts of the beginner's mode. First part is Cirno and Daiyousei crashing into a tree and the second is a tutorial from Nitori.
So far they seem to be on the right track (hurr). It controls decently enough, steer, accelerate, brake and hop. Attacks charge up over time, and there are two levels so far, but actually using them wasn't working yet. The graphics are a good start too. It ran smoothly, but maybe it was just because the environment was so simple.
Looks like it's running off of XNA so non-Windows users might have a hard time running it? I dunno.