Good fun. Kept me playing for 9 hours (so far). That's not bad for £6 (I actually got it in the sale for less, but I would have been happy even if I'd paid the full price). Fly around space, shoot space pirates (or become one), be a mercenary or a trader transporting resources between systems to make money, do odd jobs for people etc... Think if X2/X3 had a ♥♥♥♥♥♥♥ child with an arcade machine...
Graphically it's not bad, actually looks quite nice considering it was released 8 years ago. Some of the backdrops are brilliant, an effect only slightly let down by the special effects and textures (which to be fair aren't bad, but nothing special today either).
The bad? The voice acting is terrible (so just like most other games in this genre), the story is painful, and the cut scenes look like they belong on a PS1/N64. Also it doesn't capture your mouse, so if you use more than one monitor you will occasionally find yourself clicking on the wrong screen and making the game drop to desktop (disabling the screen in your graphics card control panel fixes it, there may be another fix I haven't bothered looking). Game's crashed twice on me in 9 hours, pretty sure it was to do with the multi screen problem as it hasn't happened since.
If you can look past the voice acting (as any fan of this genre has to be able to do), and ignore the low res cutscenes (of which there aren't many anyway), then this is fun.
Update: 16 hours... It's more fun than sim, and Turrets are totally OP: my first turret is a lvl 3 railgun turret - every time I get in a fight I hear constant fire from the turret, keep dodging, kill everything!
Update 2: 33 hours. I am fury. I am pain. I am Death. I have blasted, burned and obliterated my way through dozens of star systems. Hundreds, maybe thousands of souls floating through the void are my responsibility. A silent testament to my rage. Pirates are afraid to even think of my name. Now my sights are set on Broniss corporation.
Flying through a Broniss subturanean complex, and the lead character comes out with the single best comment in a video game of all time "These Bronies are gonna get it." So I guess that's that. Bronies beware...
One, Two, Funky's coming for you.
Three, Four, missiles to your door.
Five, Six, wait till you see my tricks.
Seven, Eight, plasma burning bright.
Nine, Ten, you'll never breath again.
Hmmmm... Maybe I should take a break from this game.