I haven't seen a preview linked here, so here's one from IGN. It's from December 2008.
http://ps3.ign.com/articles/935/935009p1.html
Seems pretty arcadey, with the ace kill feature, which you can apparently use to try to headshot enemy pilots (lol). The guy mentioned that there was quite a bit of aliasing, but then again they were apparently using composite cables for some reason. The screens look good but I can definitely see the jaggies he was talking about.