I really like it.
I played mostly Versus, but giving the player a few secondary modes to play with different objectives is a cool concept and the execution works.
Gameplay is immediate and fast paced, which is a big plus for me, and the controls feel fluid and responsive. Experimenting with powerups and clashing with the CPU opponent in a sort of dogfight was genuinely fun. Graphics and Audio are good, I especially like the bee sprite and the title screen.
There are some kinks here and there, which Arkia already pointed out very well, but overall it is a really solid entry. Great job!