Right I now own the game and have played MP.
You get told there are 'No Servers' if there is nobody hosting a game, it's nothing to do with dedicated servers.
So far I have played an unranked game on arcade setting (I was not the host), but we need lots of players because the game is spit up into different modes. Not only do you chose which of the four game modes but you have to select ranked or unranked and then which of the 3 different difficulties. So potentially there are 9 different options to search from which kind of cuts right down on available servers. It would be better to see a complete list of servers and being told what mode and difficulty they are set to for you to decide who you want to play with.
From what I've seen so far the only hosts are playing unranked and arcade but I would imagine over the course of the weekend as more people buy the game then the available server list should grow.
I was flying a 109 and the host was flying a He111 in dogfight mode. It took a lot for us to each shoot the other down, I hope the damage model is ramped up for realistic and simulator modes. it was good fun though.
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