Elemix!
Copyright 2002 Sims Co., LTD. (although it came out early 2003)
Sound by Makoto Iida
Tagged by Dais
Set created by Sap Tapper
Set optimized by Kilu

Sims seems an odd little group*, and Elemix! is an odd little game.
I imagine the game's design went something like this:

A: "I know! Let's combine the simple yet endearing qualities of the
    shoot-em-up and Gauntlet-clone genres into a single fast-paced
    fantasy adventure!"
B: "That's genius!"
A: "Also, we need to make sure that the inherent flaws of both genres
    are even more frustrating when combined."
B: "That's....not genius."
A: "Well, let's do it anyway."

*Seriously. It looks like they created/published a few Game Gear
games, did the port of Shin Megami Tensei to Sega CD (which had
FANTASTIC music), and now they make fishing games. Weird.