It's a fun game with satisfying progression, but the awkward gamepad control scheme is a deal-breaker. Like another comment mentioned, a twin-stick shooter control scheme would make it much more enjoyable to play. The Asteroids-like screen wrapping feels disorienting to me, and would prefer to at least have the option to turn this off. Also, level upgrades happen too often, so the upgrade screen frequently takes you out of the game for several seconds to decide which upgrade to pick.
Overall, I feel like the game could be much better if it took inspiration from something like Geometry Wars rather than Asteroids.