Rather than summarize the game, I'll let Atlus' description speak for itself:
In a world where spouts at the top of a screen leak drops of liquid, one player will have to spin a series of round dials studded with different types of path formations in order to link those top droppers to the collectors at the bottom of the screen. Four unique play modes. Unlimited replayability. When drops start dripping, dials must spin.
It's coming to PC, PlayStation 3, Xbox 360 and iPhone in "late spring." The console versions will arrive in the PlayStation Store and Xbox Live Arcade and the iPhone edition will be in the iTunes App Store, while distribution venues for the PC version are TBA.