yes it is a very good looking game, and consoles have been announced, X360 and possibly PS3
now from what I've seen, there will be no modding allowed for the game. Shame they won't have the century class ship, raptor class(fed), outrider, ambassador, Incom, the real Excalibur, excelsior, valiant(notice all of the dj ships), Eclipse, MVAM Galaxy, and a normal Norway.