Wow.. What a great looking game.. I also see the resemblens between early SOW:BOB and this game. Could it be a modified IL-2 engine with SOW:BOB planes and terrain textures??
Hopefully SOW:BOB will have the same rolling hills and large towns.. Looks awesome.. Got to get my self a console
Edit: Nike-it has made it clear that the game is not related to SOW:BOB, but it still looks fantastic