The debut trailer for Squadron 42 - made by the creator of Wing Commander. In game assets used in the video. CryEngine 3 is the game engine.
It is a full fledged physics based space simulator, that will have support for head tracking, Advanced peripheral support- supporting the more exotic enthusiast peripherals; HOTAS, flight chair, rudder pedals. It will also support Oculus Rift.
http://www.kickstarter.com/projects/...tizen?ref=live
Give this Kickstarter page a read and see if you have a hard time keeping you jaw from hitting the floor like I did.