Lots of potential.
But this is a nice blend of Freelancer type interface and Privateer type of game. It's almost an RPG and you can do whatever you want.
There are some bugs but they will most likely be worked out, and I hope to see a large modding community pop up for this title.
I was able to have the game run with no problems on :
Athlon 1900+, 512 DDR 266, and a Radeon X700
which isn't a lot of power.
I had to set the res to 1024 x 768 at 16 bit, with textures and detail set to medium, but the game still looks good, and is perfectly playable.
Load times are long for this game so don't get frustrated and think your computer has frozen, it's just a slow loader is all.
With a good patching, this could be a great game, and could even be the game that Freelancer was supposed to be.
Keep your eyes on this one.