Whats shocking about this is that is not CGI - sure its cinematic but its using in-game assets. Colour me impressed.
Edit: this is from the ED forums:
Originally Posted by X2Eliah
It is a cool vid, sure. The real question is - is that properly in-game, or is it promo-built video? (meaning - will the cockpit flights look the same? the flight mechanics? The combat scripting? the vfx?). But, nevertheless - this looks awesome.
And the response from Michael Brookes (Senior Producer for ED);
It's a mixture of both, it's all captured in game, but there is some post processing and the cockpit is a mock-up (we're implementing it in-game as we speak). We'll release a video in a few weeks that deconstructs the video from an art perspective so you'll get more details then.
Michael