Instant thoughts on watching it - Wipeout™ in space. Random babble incoming. It's disjointed sorry, I'm short on time.
I realise we're in more modern times, but ... CQC ... it's not very "Elite" is it.
I mean, the PC version just got a very big, very slow moving version of something kind of RPG in Powerplay which hasn't really ignited any spark in me to align myself with anyone and was bemoaned for not feeling true to the core game, but that feels more Elite than this console tack-on - PP won't interest any of the console gamers that I know, and yet this CQC is purported to train people for the rest of the game, which in itself seems to be moving more towards politics.
I barely see another player let alone fight them whilst dodging scenery, so I think they'll find the "main" game (with the inherent need to carve your own path and get into it RP style to enjoy) too slow, and I'm not convinced that the PvP mode type thing is going to constitute enough of a game to hold an XBoners interest.
Hence, I see the game either goes way more towards console with much more CQC-instant-play type stuff (further from the Elite we all backed) or it stalls on the console platforms completely. I know where the money is and I don't think I like what I'm thinking will happen...