It's certainly impressive - sound off while at work - will rewatch later. I like the jump graphic, and I like the feel of the cockpit (I read the comment from Michael about mock up) and I like the "planey" feel to the way the ships move.
I still have reservations about how the whole thing will play (See toys strewn around cot) day to day but I'm sure more videos will come...
In terms of FPS style play (I never had too many doubts about where this was headed) this vid, if refllective of the game, is definitely beyond my hopes and dreams...