Little is known about the game's storyline, other than the fact that Earth has been overrun by aliens. It is suggested through similar ship design and flight patterns that the aliens are the Cranassians of the previous games. Players once again take control of the famous Raiden Supersonic Attack Fighter, red for player 1 and blue for player 2 as usual; there are no selectable ships. Two player mode is enhanced by an exclusive new attack: a beam that is usable whenever one player lines up in front of the other. In Double play mode, both players share the live and bomb stocks, and without continue. In PlayStation 2, both players can be played from the same controller. As of yet, Raiden III does not work in MAME, so an alternative such as Teknoparrot must be used.
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