Thanks for posting that video, Nebula!
My thoughts: The first person combat looks really unrefined. I'd be embarrassed showing that at a convention, personally. The space combat looks fairly decent, though. It looks like a mix of BC and Legacy style combat. Hopefully closer the former than the latter, obviously.
I'll wait to see what the reviews of the game say before deciding whether or not to purchase it. If they release a demo (which they'd be smart to do), I'd probably give that a shot, too. I don't have high hopes for the game, but I won't count it out, either.