Definitely an extremely chaotic game, although there is always a risk with chaos. This personally reminds me of one of my earlier game jams which was also a space shooter and similarly had extremely slippery controls. I think that they can make a game really intense but there is a really delicate balance between out of control and can't stop the action. Personally, this game veers a bit more for the out of control and I found myself more often than not trying to stay still in one spot.
However, I also really enjoyed the use of different obstacles and introducing them over time. Meteors especially and the fact that shooting them makes them divide actually makes you think twice whether you can just dodge the meteor instead. The ships flying all across the screen also made it an attention sucking experience.
Good job and good luck for this game jam!