The controls and the flight model are crap, but otherwise, it has potential.
Decent graphics, reasonable faith to the show - with in-universe explanations for most of the concessions to the game format.
The structure is as-yet simplistic enough, and there's very little direction in how to get ahead in the game, but it's got BSG in it's blood, it's clearly identifyable in the show's timeline, late season 2, before Apollo took command of Pegasus.
The storyline sets up the MMO structure well enough.
It's got real flaws at the moment,
but hopefully they'll be corrected before full release.
Some of the control issues seem to have been sorted, the input lag on ship maneuvering has been cleaned up significantly. I didn't realise it had gone open beta... I'm just hoping they sort the flight model. It's too Star Trek Legacy at the moment.
Edit
Just an update to say that between my previous play, and a few minutes after I posted this, they'd gone to open Beta, and fixed a lot of the control input lag and some of the nastier flight model issues. Flaws remain, but it's much more playable.