Personally, I like the over the top graphics but it is a bit chaotic :P
Took me a bit to understand what is actually being replayed, I thought it would replay my last "run", as in from start to dying. But that's not what it doing. Once I figure out what's actually happening, it was unfortunately very easy to completely break the game, as you can easily stay out of your own way for pretty much ever. Not sure how that could ever be solved and it's a problem a lot of games have with this theme. Reversing things seems to have a high chance to produce game mechanics that are in conflict with themselves :P
Nevertheless, I actually had fun with the game! Well, more so when I thought shooting "enemies" is actually a good idea. Once I figured out what's going on, it became significantly less fun :/