Looks very colorful and promising. Definitely incorporates the wool/yarn idea better than that of Kirby's Epic Yarn. Additionally, the game also supports multiplayer and incorporates a nice mechanic in which you can use another player as an egg should you run out of them.

What do you guys think?

I'm looking forward to it. Yoshi hasn't ever been good because of its difficulty so I'm pretty excited.
It looks like it has about 30x as much soul and love put into it as that NEW ISLAND!!! nonsense on the 3DS.

Looks interesting, already looking better than that game I like to call Kirby's Epic Fail. Though thats my opinion.

Liking the mulitplayer features as well.

I'm happy it's still alive. It does look neat, so I might pick it up cheap.

Still waiting for SMTxFE though